Arab Fundduring 2015 about KD 8.4 million to the thirteenth phase of this program. Cumulative Grants The cumulative amount of grants extended by the Arab Fund, since the commencement

Annual Report 2015

Arab Fundfor Economic & Social Development

Arab Fund for Economic & Social Development

Annual Report 2015

Arab Fund for Economic & Social DevelopmentP.O. Box: 21923 - Safat 13080, Kuwait

Telephone: +965 24 95 90 00Facsimile: +965 24 95 93 90 / 91 / 92

Electronic Mail: [email protected] Web Site: www.arabfund.org

Address: Arab Organizations Headquarters BuildingAirport Road, Shuwaikh

State of Kuwait

2 Annual Report 2015

Annual Report 2015 3

Arab Fund For Economic & Social Development

Member States, Governors and Alternate Governors

(1) States are listed in the order in which their names appear in the list of signatories to the Agreement Establishing the Fund, and according to the date of adhesion to the Agreement.

(2) Names of Governors and Alternate Governors are given as at 31/12/2015.

* Membership suspended pursuant to the Board of Governors’ Resolution No. 3 of 1993, which has been extended annually by subsequent resolutions of the Board of Governors until 2015.

Member States(1) Governors(2) Alternate Governors(2)

The Hashemite Kingdom of Jordan H.E. Mr. Imad Najib Fakhoury H.E. Dr. Saleh A. Al-Kharabsheh

The Republic of Tunisia H.E. Mr. Yassine Brahim -

The Algerian Democratic and People’s Republic H.E. Mr. Abderrahmane Benkhalfa -

The Republic of Sudan H.E. Mr. Bader El-Din Mahmoud Abbas -

The Republic of Iraq - -

The Kingdom of Saudi Arabia H.E. Dr. Ibrahim Bin Abd-El-Aziz Al-Assaf -

The Syrian Arab Republic - -

State of Libya H.E. Mr. Kamel Breek Al Hassi -

The Arab Republic of Egypt H.E. Dr. Sahar Nasr H.E. Dr. Ashraf El-Araby

The Republic of Yemen H.E. Dr. Mohamed Al-Maitami H.E. Dr. Mohamed Ahmed Ali Al-Hawri

The State of Kuwait H.E. Mr. Anas Khalid Al Saleh H.E. Mr. Abdulwahab Al-Bader

The Republic of Lebanon H.E. Mr. Nabil Adnan Al-Jisr H.E. Mr. Alain Bifani

The Kingdom of Morocco H.E. Mr. Mohamed Boussaid H.E. Mr. Khalid Safir

United Arab Emirates H.E. Mr. Obaid Humaid Al-Tayer -

The Kingdom of Bahrain H.E. Sheikh Ahmed Bin Mohammed Al-Khalifa

H.E. Mr. Yousif Abdulla Humood

The State of Qatar H.E. Mr. Ali Shareef Al Emadi -

The Somali Democratic Republic* - -

The Islamic Republic of Mauritania H.E. Mr. Sid’Ahmed Ould Raiss H.E. Mr. Yacoub Ould Ahmed Aicha

Sultanate of Oman H.E. Mr. Darwish Bin IsmaeelBin Ali Al-Bulushi -

Palestine H.E. Dr. Nabil Hani Al-Qaddumi H.E. Dr. Ismail El-Zabri

The Republic of Djibouti H.E. Mr. Ilyas Moussa Dawaleh -

The Union of the Comoros H.E. Mr. Mohamed Ali Soilihi -



Director General/Chairman of the Board of Directors

Mr. Abdlatif Y. Al-Hamad

Members of the Board

Mr. Abdulwahab Al-Bader

Mr. Ibrahim Bin Mohamed Al Mofleh

Mr. Abderrezag Naili Douaouda

Mr. Taher Sarkez

Mr. Mohamed Esmat Hammam

Mr. Saeed Rashid Al Yateem

Mr. Ali Bin Mohammad Redha Bin Jaffar

Mr. Fouzi Lekjaa

Board of Directors



(KD Million)

Capital* 2660.3

Total Resources 3223.7

Loans

Number of Loan Agreements Signed During the Year 15

Total Amount of Loan Agreements Signed During the Year 426.0

Total Number of Loans 641

Cumulative Amount of Loan Agreements Signed 8824.7

Cumulative Disbursements on Effective Loans 5809.8

Cumulative Loan Repayments 3038.5

Outstanding Debt Owed to the Arab Fund 2771.3

Grants

Total Number of National and Inter-Arab Grants 1091

Cumulative National and Inter-Arab Grant Commitments 211.1

Cumulative National and Inter-Arab Grant Disbursements 162.6

Cumulative Contributions to the Urgent Program to Support the Palestinian People 135.8

Cumulative Disbursements for the Urgent Program 113.1

* During its Annual Meeting held on April 2, 2013, the Board of Governors resolved to increase the authorized capital of the Arab Fund to KD 4 billion and to raise the subscribed capital to KD 3 billion. This capital increase is to be effected through the capitalization of part of the additional reserve in the amount of KD 500 million, and by means of additional subscriptions by member states in the aggregate amount of KD 500 million, to be paid in installments over 5 years. The amount mentioned above represents the paid-in capital.

Basic Financial Data on the Arab Fund

as at 31/12/2015


Overview of Arab Fund Activities

IntroductionDuring 2015, the Arab Fund continued its activities aimed at supporting Arab countries’ development efforts through the implementation of high priority economic and social projects. Its lending program focused on infrastructure projects intended to provide basic services, increase production capacity, and improve the investment environment in Arab countries. Furthermore, the Arab Fund continued to allocate national and inter-Arab grants to member countries aimed at providing institutional support and training, implementing emergency programs in some countries, contributing to feasibility studies and project preparation, as well as organizing seminars and conferences.

Loans During the year, the Arab Fund extended 15 loans, in 8 Arab countries, for a total amount of KD 426.0 million. These loans contributed to the implementation of 15 public sector projects, including 12 new and 3 previously financed projects. The total cost of these projects was estimated at about KD 1.2 billion, with the loans provided by the Arab Fund covering about 35.0% of that amount. The share of loans provided to the transport sector represented about 40.6% of the total loan commitments during the year, that of the energy and electricity sector about 25.6%, and that of the water and sewerage sector about 14.1%. The agriculture and rural development sector accounted for about 7.5%, the social services sectors for about 3.8%, and the other sectors for about 8.4%, of the total amount of loans.

Cumulative LoansSince the commencement of its activities in 1974 and until the end of 2015, the cumulative number of loans provided by the Arab Fund to the public and private sectors has reached 641 for a total amount of about KD 8.8 billion. These loans contributed to the financing of 542 projects in 17 Arab countries, and covered about 25.7% of the total cost of these projects. The infrastructure sectors received the majority of loans extended during that period, with a share of about 69.5% of the total amount of loans, followed by the productive sectors with about 19.7%, then the social services sectors with about 7.5%, and the other sectors with about 3.3%. The cumulative number of loans extended to the private sector over that period has reached 14, for a total amount of about KD 56.0 million. Cumulative disbursements of loans extended to both the public and private sectors over the period 1974 - 2015 amounted to about KD 5.8 billion, representing about 76.4% of the net amount of effective loans. The Arab Fund also contributed to the capital of 7 private companies, for a total amount of about KD 31.7 million, in addition to its contribution to the capital of the fund established by the International Finance Corporation (IFC), in an amount of KD 10.0 million.


GrantsThe Arab Fund provided 29 national and inter-Arab grants in 2015, for a total amount of about KD 7.2 million. These grants included 16 national grants for a total amount of about KD 4.1 million, about 54.6% of which was allocated for institutional support and training, and about 37.8% for the implementation of emergency programs. The grants also included 13 inter-Arab grants for a total amount of about KD 3.1 million, about 64.2% of which was allocated for institutional support and training, and about 29.7% for the implementation of emergency programs. The Arab Fund also continued its annual contribution to the Urgent Program to Support the Palestinian People, and allocated during 2015 about KD 8.4 million to the thirteenth phase of this program.

Cumulative GrantsThe cumulative amount of grants extended by the Arab Fund, since the commencement of its operations and until the end of 2015, has reached about KD 346.9 million, of which about KD 147.2 million were provided for the implementation of 576 national grants, about KD 63.9 million for the implementation of 515 inter-Arab grants, and about KD 135.8 million as contributions to the 13 phases of the Urgent Program to Support the Palestinian People, which began in 2001. The cumulative disbursements from these grants amounted to about KD 275.7 million, or about 83.1% of their net amount.

Joint Arab Action The Arab Fund continued, in 2015, its activities in various areas in support of priority sectors and in response to decisions and directives of Arab summits, which accorded a special importance to projects and issues related to joint Arab action. In this context, these activities included coordination between the Arab national and regional development institutions, and cooperation with international institutions, enhancement of Arab food security, support to small and medium enterprises, financing of Arab trade, establishment of an Arab development portal, organization of the Arab Energy Conference, preparation of the Joint Arab Economic Report, cooperation with the World Bank in the research initiative for Arab development and the Arab spring development initiative, and support to inter-Arab institutions.

Financial StatementsAccording to the Arab Fund’s financial statements for the year ending 31/12/2015, total income was about KD 96.50 million compared to about KD 92.75 million in 2014, while total administrative expenses were about KD 8.51 million compared to about KD 8.33 million in 2014. The Arab Fund’s net profit for the year 2015 was about KD 77.51 million, compared to about KD 84.43 million for the year 2014. The statements also show that total member countries’ equity was about KD 3223.69 million as at 31/12/2015, compared to about KD 3051.76 million at the end of 2014.


First: The Lending Program

PreambleDuring 2015, the Arab Fund provided increased support to projects aimed at reinforcing Arab countries’ development efforts, and improving their infrastructure and basic services. The lending program for the year focused on infrastructure projects, and priority was given to the development of projects in the sectors of transport, energy and electricity, and water. The program also included projects in agriculture and rural development, and social services.

Appraisal of Projects and Loan Agreements SignedDuring the year, the Arab Fund studied several requests it received from member countries for the financing of projects. These projects were appraised by the Arab Fund’s technical staff through office work and field trips to ensure their technical and economic feasibility, and their conformity with development program priorities in member countries.

A total of 15 loan agreements were signed during the year, for a total amount of KD 426.0 million. These loans contributed to the financing of 15 public sector projects in 8 Arab countries. The total cost of these projects was estimated at about KD 1.2 billion, with the loans provided by the Arab Fund covering about 35.0% of that amount.

Effective Loan Agreements A total of 11 loan agreements with 7 Arab countries, amounting to about KD 309.0 million, became effective in 2015. These loans were provided for the implementation of projects in the sectors of energy and electricity, agriculture and rural development, water and sewerage, transport and telecommunications, social services, and in other sectors. Public Sector ProjectsThe Arab Fund extended 15 public sector loans during the year, amounting to KD 426.0 million, for the implementation of 12 new projects and 3 previously financed projects. Table 1 shows the loan commitments by the Arab Fund during 2015, and Annex 1 provides the project sheets for these loans.

Infrastructure sectors accounted for about 80.3% of the total amount of loans provided during 2015, in light of priorities of member countries’ plans and programs that focused on improving these sectors, and providing an environment conducive to investment and employment opportunities. Five loans were extended to finance transport projects, and amounted to KD 173.0 million or about 40.6% of the total. These projects aim at developing and improving land transport services in Morocco, Yemen and Tunisia, and maritime transport services in Morocco and Djibouti. Three loans were extended to finance energy and electricity projects, and amounted to KD 109.0 million or about 25.6% of the total amount of loans extended during the year. These projects aim at meeting the increasing demand for electricity in Egypt, Jordan and Mauritania, through the construction of a power generating station in west Cairo in Egypt, the expansion of Al-Samra power generating station in Jordan, as well as the development of electricity


transmission and distribution networks in Mauritania. Two loans, for a total amount of KD 60.0 million, were extended to finance water and sewerage projects, the first to meet the current and future needs for potable water for the city of Chefchaouen and neighboring villages in Morocco, and the second to construct wastewater facilities in areas neighboring Al Rahawi drainage canal in Egypt.

The Arab Fund’s loans included a loan for an agriculture and rural development project, for an amount of KD 32.0 million, to finance the conveyance of Litani water to southern Lebanon. Two loans were allocated for social services projects, for a total amount of KD 16.0 million, to finance a housing project in Djibouti, and to implement and develop sub-projects in the poor rural and urban areas of Yemen. Two loans, for a total amount of KD 36.0 million, were also provided for other sectors in Jordan, the first for a program to support small and medium private sector projects and enterprises, and the second for a project to develop infrastructure in the Petra region. Private Sector Projects The Arab Fund continued to support the role of the private sector in the economic and social development of Arab countries. During the year, the Arab Fund appraised a project to build a campus for a private university in Bahrain. It also studied 9 requests to participate in the financing of private sector projects in 5 Arab countries; they included 6 projects in the industry sector, and one project in each of the agriculture, real estate and media sectors. These requests remain under study.


Table 1Loan Commitments During 2015

No. Country ProjectAmount of Loan

(KD Million)

Date of Signature of Loan

Agreement

1 Kingdom of Morocco El Jadida - Safi Motorway (Supplementary Loan) 30 28/01/2015

2 Kingdom of Morocco Water Supply to Chefchaouen and Neighboring Villages 15 28/01/2015

3 Arab Republic of Egypt Cairo West Power Generating Station 650 MW 60 07/04/2015

4 Republic of Djibouti Social Housing in the City of Djibouti 6 07/04/2015

5 Republic of Djibouti Port of Tadjourah (Supplementary Loan) 3 07/04/2015

6 Hashemite Kingdom of Jordan

Program to Support Small and Medium Private Sector Projects and Enterprises 30 07/04/2015

7 Republic of Yemen Rural Roads Development (Phase IV) 30 11/05/2015

8 Republic of Yemen Public Works (Phase IV) 10 11/05/2015


Al-Samra Power Generating Station (Phase VII) 16 17/05/2015

10 Republic of Lebanon

Conveyance of Litani Water to Southern Lebanon for Irrigation and Drinking Purposes (Elevation 800 Meters) (Supplementary Loan)

32 16/06/2015

11 Republic of Tunisia Development of the Classified Road Network and Rural Roads 50 09/10/2015

12 Kingdom of Morocco Nador West Med Port 60 30/11/2015

13 Arab Republic of Egypt Wastewater Facilities in Areas Neighboring Al Rahawi Drainage Canal 45 21/12/2015

14 Islamic Republic of Mauritania

Development of Electricity Transmission and Distribution Networks 33 21/12/2015


Infrastructure Development in the Petra Region 6 28/12/2015

Total 426


Monitoring of Projects The Arab Fund continued to monitor the progress of ongoing projects, follow up the fulfillment of the covenants set forth in their loan agreements, and take the necessary steps to ensure their proper implementation. During 2015, 11 projects were completed; their total cost amounted to about KD 434.6 million, with the Arab Fund covering about 30.5% of that cost.

Cumulative Lending ActivitiesSince the commencement of its operations in 1974 and until the end of 2015, the Arab Fund extended 641 loans, for a total amount of about KD 8.8 billion. These loans contributed to the financing of 542 projects in 17 Arab countries, and covered about 25.7% of the total cost of these projects. Annex 3 presents a summary of the loans extended to member countries over the period 1974 – 2015, while Annex 5 provides details on these loans.

The cumulative amount of loans extended by the Arab Fund for infrastructure projects has reached about KD 6.1 billion, or about 69.5% of the total amount of loans, of which about KD 2.9 billion was allocated for energy and electricity projects, about KD 2.3 billion for transport and telecommunications projects, and about KD 0.9 billion for water and sewerage projects.

Loans for the productive sector projects amounted to about KD 1.7 billion, or about 19.7% of the total amount of loans, of which about KD 1.2 billion was allocated for projects in agriculture and rural development, and about KD 0.5 billion for projects in industry and mining. Loans for projects in the social services sectors amounted to about KD 0.7 billion, accounting for about 7.5% of the total, and were allocated to projects in education, health, housing and social development. The remaining 3.3% of the total amount of loans, about KD 0.3 billion, was provided to finance projects in other sectors.

In addition to financing the main components of projects, the Arab Fund’s loans also contributed to institutional support of the entities involved and training of their employees in order to enhance their efficiency. Table 2 shows the sectoral distribution of the loans extended by the Arab Fund during 2015 and over the period 1974 – 2015, while Annex 4 provides a summary of that distribution among beneficiary member countries over the same period.

The cumulative lending activities of the Arab Fund also included 14 loans for private sector projects, for a total amount of KD 56.0 million, which contributed to 12 projects in Bahrain, Yemen, Mauritania, Sudan, Jordan and Egypt. These projects covered various areas, as they included the development of the productive sectors, especially iron and steel, sugar, grain silos and flour mills, glass and cement, as well as the tourism, health and financial sectors. In addition to the loans extended to the private sector, the Arab


Fund also contributed to the equity capital of 7 private companies in 4 Arab countries, namely Saudi Arabia, Egypt, Yemen and Sudan, in the areas of glass container manufacturing, iron and steel production, cement production, sugar production, power generation, healthcare services and storage facilities. By the end of 2015, the Arab Fund’s total contributions to these companies had reached about KD 31.7 million, in addition to its contribution to the capital of the fund established by the International Finance Corporation (IFC) in an amount of KD 10.0 million.


Sector2015 1974 - 2015

Amount % Amount %

1. Infrastructure Sectors

Transport and Telecommunications 173.00 40.6 2350.90 26.6

Energy and Electricity 109.00 25.6 2859.75 32.4

Water and Sewerage 60.00 14.1 927.25 10.5

Subtotal 342.00 80.3 6137.90 69.5

2. Productive Sectors

Industry and Mining - - 479.70 5.4

Agriculture and Rural Development 32.00 7.5 1258.80 14.3

Subtotal 32.00 7.5 1738.50 19.7

3. Social Services Sectors* 16.00 3.8 661.50 7.5

4. Other Sectors 36.00 8.4 286.83 3.3

Grand Total 426.00 100.0 8824.73 100.0

* Includes mainly the Education, Health, Housing and Social Development Sectors.

Table 2 Loan Commitments by Sector

(KD Million)

During the Period 1974 - 2015

Sectoral Distribution of Loan Commitments (Percentage)

Industryand Mining

5.4%Agriculture and

Rural Development14.3%

Social Services Sectors7.5% Water and

Sewerage10.5%

Energy andElectricity

32.4%Other Sectors

3.3%

Transport andTelecommunications

26.6%

During 2015

Water and Sewerage

14.1%Agriculture and

Rural Development7.5%

Energy andElectricity

25.6%

Transport andTelecommunications

40.6%

Social Services Sectors3.8%

Other Sectors8.4%


Inter-Arab ProjectsThe Arab Fund maintained its support to joint Arab efforts to build a basic framework and to strengthen means of communication and interconnections between member countries. Since the start of its operations in 1974 and until the end of 2015, the Arab Fund extended 68 loans for a total amount of about KD 394.1 million. These loans contributed to the implementation of 32 inter-Arab projects in the areas of telecommunications, electric power, natural gas and international roads. Total disbursements of these loans have reached about KD 291.7 million at the end of 2015, or about 82.7% of their net amount. Annex 6 provides details on the loans extended by the Arab Fund to finance inter-Arab projects over the period 1974 – 2015.

Co-Financing ActivitiesThe Arab Fund also continued its co-financing of projects in Arab countries with Arab national, regional and international development institutions. During 2015, 7 projects were co-financed with other institutions in Morocco, Djibouti, Egypt, Jordan, Lebanon and Mauritania, in the sectors of transport and telecommunications, energy and electricity, and agriculture and rural development. During the period 1974 – 2015, the total contribution of the Arab Fund to projects co-financed with Arab national, regional and international development institutions has reached about KD 4.0 billion, representing about 31.4% of the total amount of co-financing of about KD 12.6 billion. Annex 8 provides details on co-financing activities over that period.

Disbursements and Repayments Total disbursements during 2015 amounted to about KD 195.4 million, of which about KD 3.5 million were disbursed to finance private sector projects. Cumulative disbursements of all loans over the period 1974 – 2015 have amounted to about KD 5809.8 million, including KD 43.1 million for private sector projects. Repayments of loans in 2015 amounted to about KD 181.1 million, of which about KD 0.8 million were from the private sector. Cumulative repayments over the period 1974 – 2015 have amounted to about KD 3038.5 million, which represented about 52.3% of cumulative disbursements.


Tangier Med Port

The Integrated Tangier Med Port Complex, which includes two ports, industrial, commercial and logistical free zones, and extends over an area of about 925 hectares, represents one of the main sources of support to economic and social development in Morocco, and enhancement of the competitiveness of the Moroccan economy, due to its prime location. The port complex lies on both the Mediterranean Sea and the Atlantic Ocean, close to the Strait of Gibraltar, and is considered a meeting point of major international shipping routes linking Morocco to the world.

The Tangier Med Port Complex consists of two main parts. The first part, which includes the Tangier Med Port 1 that began operating in 2007, is divided into five terminals: a container terminal, a passenger terminal, a hydrocarbon terminal, a various cargo terminal and a vehicles terminal. The Tangier Med Port 2, currently under construction, includes a container terminal which is an extension to the first port, and is used to receive and service large container ships. The capacity of the port complex is estimated at about 8 million containers. The Tangier Med Port 2 is implemented in three phases. The Arab Fund contributes to the financing of the first two phases through two loans for a total amount of KD 100 million, covering about 25% of the total cost of this port. The port is also being financed through a loan from the European Investment Bank, amounting to about KD 76 million, bond issues for a total amount of about KD 51 million, and contributions to the capital of the Tangier Med 2 Company for an amount of about KD 136 million. The company and the Moroccan government cover the remaining cost of the port and any additional cost that may arise. The implementation of the first phase has been completed, the second phase is expected to be completed by the end of 2016, while the third phase is planned to be implemented over the period 2020 – 2021.

The Tangier Med Port Complex will contribute to the achievement of the state’s strategic objectives for the development of ports and logistical competitiveness, reflected in the stimulation of investment and foreign trade, improvement of the business environment in the complex area and in the entire country, as well as realization of the benefits from the free trade agreements signed between Morocco and several countries. The benefits of the complex include the saving of waiting, berthing and shipping times, the facilitation of the international maritime traffic to and from Morocco, and the provision of new employment opportunities. The port complex will also contribute to the development of a variety of service activities in support of the complex, including maritime agencies, companies for the transport of goods and passengers, and commercial and service enterprises such as hotels and restaurants. It is expected that the Tangier Med Port Complex, once completed, will become one of the largest and most important container ports in the Mediterranean Sea.


Second: Grants Grants During 2015Many grant applications were reviewed during 2015, and priorities were determined in coordination with the concerned institutions in the member countries, subject to available resources. A total of 29 grants, amounting to about KD 7.2 million, were approved during the year. These grants included 16 national grants which amounted to about KD 4.1 million, and were provided to 7 Arab countries. The grants also included 13 inter-Arab grants which amounted to about KD 3.1 million, and were allocated to support activities of common interest to most Arab countries. In addition, an amount of about KD 8.4 million was provided to the Urgent Program to Support the Palestinian People. Table 3 presents these grants.

The Arab Fund continued to give priority to activities that reinforce institutional support and training, with 22 grants allocated to these activities for a total amount of about KD 4.2 million, representing about 58.8% of total grants provided during the year. These grants included 13 national grants for a total amount of about KD 2.2 million, and 9 inter-Arab grants for a total amount of about KD 2.0 million. The grants aimed at enhancing the performance of specialized institutions by improving the quality of services they provide, in addition to supporting the activities of research and education centers, providing several health centers with equipment and supplies to improve their services, as well as contributing to the endowment of the Islamic World Academy of Sciences.

The grants provided during 2015 included 2 grants, for a total amount of about KD 2.5 million, for the implementation of emergency programs. These grants, representing about 34.3% of the total amount of grants provided during the year, were allocated as a contribution to the urgent relief of the people affected and displaced by the ongoing events in Yemen, and to the financing of teaching projects for Syrian students in neighboring countries and inside Syria. The grants provided during the year also contributed to the organization of a number of seminars and conferences on topics of common interest to most Arab countries, in addition to the financing of a feasibility study for a project to establish a pilot developmental pole in the Beja area in Tunisia. Table 4 shows the grant commitments by activity.

Cumulative GrantsSince the beginning of its operations and until the end of 2015, the Arab Fund provided 1091 grants for a total amount of about KD 211.1 million. They included 576 national grants, amounting to about KD 147.2 million, which were allocated as follows: about KD 73.4 million for institutional support and training, about KD 17.1 million for feasibility studies and project preparation, KD 5.6 million for general studies and research, and KD 173 thousand for seminars and conferences. These grants, provided to most Arab countries, aimed at improving the performance of specialized institutions, enhancing the quality of services they provide, training their employees and managers, developing their information systems and statistics, undertaking population censuses, supporting the activities of several research centers, and preserving national heritage. Furthermore,


national grants included grants for a total amount of about KD 50.9 million, which were allocated to support emergency programs to alleviate the effects of natural disasters, local disturbances, or damage caused by external aggression on some Arab countries.

The grants provided over the same period also included 515 inter-Arab grants, amounting to about KD 63.9 million, which were allocated as follows: about KD 36.6 million to provide institutional support and training programs in several specialized scientific and research centers, about KD 13.1 million to undertake general studies and research in various economic and social development areas, about KD 6.4 million to conduct feasibility studies for specific projects, about KD 4.9 million to organize seminars and conferences to discuss priority development issues for Arab countries, and about KD 2.9 million to implement emergency programs.

In addition, the cumulative contributions to the Urgent Program to Support the Palestinian People, since its beginning in 2001 and until the end of 2015, have amounted to about KD 135.8 million.

Grant Disbursements Cumulative disbursements of national and inter-Arab grants, approved over the period 1974 – 2015, amounted to about KD 162.6 million, which constitutes approximately 82.9% of the net amount of grants. In addition, the cumulative disbursements for the Urgent Program to Support the Palestinian People amounted to about KD 113.1 million and represented about 83.3% of the total contributions to this program. Annex 7 provides a summary of these grants over that period. During 2015, a total of 33 grants, amounting to about KD 11.2 million, were completed. This brought the total number of national and inter-Arab grants completed during the period 1974 – 2015 to 915, with a cumulative amount of about KD 147.2 million, while a total of 133 grants, amounting to about KD 55.8 million, remain under execution. Moreover, the total number of reimbursed and fully cancelled grants reached 43, for a total amount of about KD 8.1 million.

Support to the Palestinian PeopleSince the beginning of its operations, the Arab Fund has provided support to Palestine with the aim of limiting the destructive effects of the occupation’s policies and the deprivation of the Palestinian people from mobilizing their resources and building their civil society. The total amount of contributions made by the Arab Fund to Palestine, over the period 1974 – 2015, reached about KD 181.3 million, including about KD 164.3 million in the form of grants, and the remaining in the form of concessional loans provided to the Palestinian National Authority.

The Urgent Program to Support the Palestinian People: The Arab Fund continued its efforts to support the Palestinian people within the framework of the Urgent Program to Support the Palestinian People, renewed annually since 2001. During 2015, the Arab Fund allocated an amount of about KD 8.4 million, or about 10% of the Arab Fund’s net income for 2014, to contribute to the thirteenth phase of the program. Thus, the total contribution of the Arab Fund to this program over the period 2001 – 2015 reached about KD 135.8 million, and disbursements reached about KD 113.1 million.


The program contributed to the development of primary and university education by allowing for the construction and rehabilitation of school buildings to ease overcrowding in classrooms, enabling students to continue their enrollment in various universities, ensuring support to educational institutions to preserve their presence, and providing support to outstanding students for their graduate studies. The program also contributed to the enhancement of the capabilities and performance of Palestinian institutions and civil societies involved in the provision of health, social and educational services.

The support provided by the program included the development of infrastructure through the construction of a rural road network and water networks, the provision of drinking water, and the improvement of the rural electricity networks. The support also included the provision of housing for affected groups, reclamation of agricultural land threatened with confiscation, support to small and medium enterprises, support to craftsmen and small farmers, renovation and rehabilitation of the old towns in Jerusalem, Nablus, Hebron and rural areas in order to revive those towns and preserve their distinguished cultural, urban and architectural heritage. The program also provided support to medical centers specializing in cardiology, diabetes, ophthalmology and maternity, in addition to providing medical devices and equipment to hospitals and medical centers, and training and qualifying doctors in the various medical specializations.

This support increased the availability of the best medical services to the deprived segments of the population, enabling them to forgo the use of Israeli medical services, and provided outstanding students with opportunities for higher education. It also reinforced the perseverance of the residents of Jerusalem and their presence on their land, helped provide employment opportunities for the graduating youth and the unemployed marginalized groups, and contributed to the improvement of the living conditions of rural women, and the training of human resources.

Cooperation with International and National Financial Institutions: The Arab Fund continued its administration and follow up of grants provided by the OPEC Fund for International Development to Palestine. The total number of grants reached 359, amounting to about US Dollars 66.1 million. Disbursements of these grants amounted to about US Dollars 61.9 million, or about 93.7% of the total. The Arab Fund also maintained its cooperation with the Islamic Development Bank, which monitors the implementation of projects financed through Al-Aqsa Fund. This cooperation included support to rural development projects, economic empowerment, urgent reconstruction of historic buildings, construction of roads and schools, rehabilitation of water wells, reclamation of agricultural land, coverage of tuition and fees of university students, and support to non-governmental organizations that provide health, social and educational services. The total committed amount is estimated at about KD 29.3 million, including support to Jerusalem, and the disbursed amount reached about KD 21.4 million, or about 73.0%. Coordination between the Arab Fund and the Islamic Development Bank also included the selection of projects to be financed under the thirteenth phase of the urgent program.


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3Jo

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200

4/20

1505

/03/

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4Jo

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/ Con

tribu

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1506

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5Ku

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010

/201

506

/04/

2015

6Ye

men

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)15

5013

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515

/06/

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014

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Con

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5 30

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14M

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Gra

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Act

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to s

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inia

n pe

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.


EmergencyPrograms

37.8%

Feasibility Studies and

Project Preparation

7.3%

EmergencyPrograms

29.7%

Seminars and Conferences

0.3%


6.1% Institutional Support and Training

64.2%

Feasibility Studies and ProjectPreparation

10.0%Institutional Support and

Training57.3%

General Studies and

Research20.4%

EmergencyPrograms

4.6%

Seminars and

Conferences7.7%

Institutional Support and Training

49.9%

EmergencyPrograms

34.6%

Feasibility Studies and Project Preparation

11.6%

General Studiesand Research

3.8%


0.1%

Grant Commitments by Activity(Percentage)

National Grants during 2015

National Grants during the Period 1974 - 2015

Inter-Arab Grants during 2015

Inter-Arab Grants during the Period 1974 - 2015

Institutional Support and Training

54.6%


Support to the Educational Institutions in Palestine

The Urgent Program to support the Palestinian people has contributed, since the commencement of its activities in 2001 and until the end of 2015, to the reinforcement of university education and the provision of training and employment opportunities for university youth, through the support of 12 universities and 22 colleges, thus enabling thousands of students to continue to enroll in their various universities and colleges. The educational institutions were also able, through the program’s contributions, to continue their missions and maintain their presence despite the policies of the occupation which aims at obstructing their activities and weakening them.

The total amount allocated to support the university and college students, since the beginning of 2002 and until 31/12/2015, reached about KD 25.0 million (about US Dollars 82.5 million). These funds were used to provide loans to university students, who averaged 155 thousand over the past fourteen years, through the Loan Fund, to pay the fees for about 45% of university and college students, to secure living expenses for about 15% of the poorest university students, and to cover about 25% of the salary budget for the university employees. The Loan Fund for Students is currently fulfilling its role effectively as a revolving fund, recovering the proceeds of loans, based on the students’ ability to repay after graduation, and relending them to students in need. As of 31/12/2015, the equivalent of about US Dollars 17.0 million was recovered, despite the harsh economic conditions prevailing in the occupied Palestinian territories. Within this framework, the Ministry of Education and Higher Education works to recover the loans previously extended to students who have graduated and obtained jobs, in order to preserve the program’s sustainability.

The Urgent Program to support the Palestinian people has also responded to the pressing educational needs of the Palestinian schools and university buildings, by allocating about KD 25.8 million for these needs, of which about KD 21.0 million had been withdrawn by the end of 2015. These resources were used for the construction of buildings and facilities for seven universities to accommodate about 11 thousand students, as well as for the construction of 25 schools, 18 of which in rural areas. These schools contributed to the creation of a suitable educational environment, through the accommodation of about 12 thousand students, the easing of student overcrowding in classrooms that exceed 45 students, and the reduction of the number of schools which operate under the system of two time periods (morning and evening).


Third: Joint Arab Action

IntroductionThe Arab Fund continued its activities in various areas in support of priority sectors and in response to decisions and directives of the Arab summits, which accorded a special importance to projects and issues related to joint Arab action. The Arab Fund’s interventions in support of Arab cooperation were numerous; they included the financing of projects, technical and economic studies for the Arab interconnection projects, seminars, research, as well as the participation in initiatives related to the support of inter-Arab institutions which specialize in training and planning. Thus, the Arab Fund contributed to any activity aimed at achieving Arab integration between member countries.

The following paragraphs provide a summary of the main activities of the Arab Fund in the area of joint Arab action, including both those undertaken during the year and those previously implemented.

Coordination between the Arab National and Regional Development Institutions and Cooperation with International InstitutionsThe Arab Fund continued to act as the Coordination Secretariat of the Coordination Group, which includes the Arab national and regional development institutions, preparing and participating in their periodic meetings and the meetings of the technical committees, as well as preparing and participating in the Coordination Group’s meetings with regional and international financing institutions. During the year, the fourteenth meeting of the Heads of the Coordination Group institutions took place in Paris, France on January 25, 2015. The meeting was dedicated to the discussion of several topics, which included the post 2015 global partnership for development agenda, a system to disseminate statistical data, and the International Aid Transparency Initiative (IATA). A High Level meeting was also held between the Heads of the Coordination Group Institutions and the Development Assistance Committee of the Organisation for Economic Co-operation and Development (OECD/DAC), at the latter’s headquarters in Paris during the period 26-27 January, 2015. At this meeting, methods to strengthen and develop joint efforts between the DAC and the Coordination Group to support general development in developing countries were explored.

During the year, the seventy fifth Coordination Group meeting took place during the period 23-25 March, 2015, at the headquarters of the Abu Dhabi Fund for Development in the United Arab Emirates, with the participation of several international institutions, including the World Bank, the International Renewable Energy Agency and the International Center for Biosaline Agriculture. During the meeting, ways and means to strengthen and expand cooperation and coordination on financing existing projects in beneficiary countries were studied and discussed. New areas of cooperation were also discussed, and included models to evaluate the results of operations, and new policies and systems in the area of guarantees. The seventy sixth Coordination Group meeting, which took place during the period 26-28 October, 2015, at the Islamic Development Bank headquarters in Jeddah, was dedicated to the study and discussion of several topics, particularly those related to the strategy of the partnership between the Coordination Group and the World Bank.

The Arab Fund participated in a seminar held by the Islamic Development Bank Group titled “The Role of the Coordination Group in the Development of Africa”, on the occasion of the 40th Annual Meeting of the Board of Governors of the Islamic Development Bank Group, in


Maputo, Mozambique on June 9, 2015. During the year, the Arab Fund also participated, with representatives from the Coordination Group institutions, in the meetings on the Arab Development Portal, the first in Amman, Jordan during the period 25-26 February, 2015, and the second in Vienna, Austria on June 15, 2015. During these meetings, it was agreed that the works related to the third phase of the portal should be completed.

The Arab Fund hosted at its headquarters the first Forum on International Development Cooperation between the Coordination Group institutions and international development institutions during the period 22-23 November, 2015, based on the latter’s request to meet with the Coordination Group members. Participants at the Forum included, in addition to representatives from the Coordination Group institutions, representatives from the World Bank, the OECD/DAC, the International Fund for Agricultural Development, the African Development Bank, the European Investment Bank, the Japan International Cooperation Agency, the US Agency for International Development, the German Institution for International Cooperation (GIZ) and the European Commission. During the meeting, consultations were held on perspectives for joint cooperation between the Coordination Group institutions and participating international institutions, with a focus on the areas of international partnership and aid effectiveness.

Enhancement of Arab Food Security

1. Support to Agricultural Research to Achieve Food SecurityIn the context of the Arab Fund’s contribution to the efforts to strengthen agricultural research to achieve Arab food security, and upholding the priorities set forth in the Arab Economic and Developmental and Social Summit held in Kuwait in 2009, which emphasized the necessity to enhance Arab food security as it is considered one of the pillars of Arab national security, the Arab Fund contributed to the financing of a project on Enhancing Food Security in Arab Countries in cooperation and coordination with the International Center for Agricultural Research in Dry Areas (ICARDA) and national agricultural research institutions in Arab countries. The Arab Fund also cooperated with a number of national, regional and international Arab financial institutions to attract the necessary funds for the project.

The project, the first phase of which was completed at the end of 2014, aims at strengthening the capabilities of national agricultural research centers in 10 Arab countries, developing methodologies and ways to transfer modern technology and disseminate it among farmers, and establishing strategic partnerships to develop cooperation between Arab national agricultural research centers and international agricultural research centers of the Consultative Group for International Agricultural Research (CGIAR). These efforts resulted in the improvement of wheat productivity by 30% under irrigation, rain fed farming and complementary irrigation to rain fed farming. The project also resulted in the implementation of specialized training programs for about 42 thousand trainees, 29 thousand of whom were farmers.

Recognizing the effective role of applied scientific agricultural research in ensuring sustainability of the project’s achievements, and in order to broaden the circulation and publication of the results reached among farmers to increase agricultural production as a national strategy of Arab countries, specifically wheat, the Arab Fund hosted at its headquarters a ministerial meeting, in cooperation with ICARDA and Arab national


centers for agricultural research, to evaluate the achievements of the first phase of the project. Participants at the meeting included, in addition to Arab ministers of agriculture, Arab national and regional financial institutions. Following the meeting, the Arab countries released a joint statement on food security in which they confirmed their continued interest in the project and support of its subsequent phases, and their commitment to expand the implementation of the results to other regions in Arab countries.

Based on the achievements of the first phase of the project and the commitment of Arab countries to continue to support it, the Arab Fund and other Arab financial institutions agreed to finance the second phase of the project. This phase focuses on the sustainable increase of wheat production, through the dissemination of the available innovative technology which proved its compatibility with the prevailing environment and climate in Arab countries. 2. Study of Arab Food SecurityThe Arab Fund continued to follow up the study on the achievement of Arab food security through developmental projects in Sudan. During 2014, the first two tasks of the study were completed; they involved identifying the magnitude of the problem of food security and its repercussions, estimation of the food gap, as well as assessment of the water and land resources available in Sudan that could contribute to the resolution of the Arab food security problem. During 2015, the third and fourth tasks of the study were completed; they involved construction of a mathematical model to determine the best utilization of resources available in Sudan for producing and exporting competitively priced products, both agricultural and industrial, as well as development of a timely sectoral plan to study and implement the projects identified in the third task of the study. Following the execution of these last two tasks, the preparation of the final report of this study is underway, and is expected to be completed by the end of the first quarter of 2016.

Support to Small and Medium EnterprisesThe Arab Fund supports the financing of small and medium enterprises in Arab countries through its contribution to the capital of the Special Account in the amount of US Dollars 100 million, as well as through its management of this account for which it provides an independent administration and separate accounts. The Special Account was established to support small and medium private sector enterprises in Arab countries, by providing loans to Arab governments and intermediary Arab financial institutions. To date, a total of 18 Arab countries subscribed to the capital of this account, for a total amount of US Dollars 1310 million, of which about US Dollars 1266 million were paid. The total number of loans provided by the Special Account by the end of December 2015 reached 28, in 12 Arab countries, for a total amount of US Dollars 998 million; total disbursements of these loans reached about US Dollars 336 million.

Arab Trade FinanceTrade contributes to the economic and social development of Arab countries, through its support to Arab exports, by enhancing Arab productive capabilities, and through the provision of development requirements including equipment, machinery and devices. The Arab Trade Finance Program aims at achieving the goals of the agreement for the facilitation and promotion of intra-Arab trade, and the agreement on the Arab Free Trade Area, and enhancing the competitiveness of Arab exports. The Arab Fund contributed


to the establishment of this program, in cooperation with the Arab Monetary Fund, and contributed to its capital. The Arab Fund is the second largest contributor to the program, after the Arab Monetary Fund, with a share of about 22.6% of the program’s issued and paid-in capital of US Dollars 986.6 million. By the end of December 2015, the total amount of approved financing requests reached about US Dollars 12.2 billion; these requests were submitted through 210 national agencies in all Arab countries (mostly from national and central banks, in addition to some relevant ministries and institutions). Arab Development PortalArab countries lack a centralized, complete and updated database; therefore, decision makers in Arab countries face difficulty in obtaining the data they require for setting their developmental priorities. Furthermore, the scattering of data and its inconsistency result in time consuming data collection for a number of researchers.

Recognizing the importance of this issue, the Arab Fund, as a member of the Coordination Group which includes national and regional Arab development institutions, contributed to the financing of a project to develop an Arab Development Portal, with the aim of strengthening the management efficiency of development operations in Arab countries and their effectiveness, and providing a platform to access references and information from several sources.

The project is being implemented in three phases: the first phase consisted of the development of a database for five themes in Egypt and Tunisia; these themes are on employment, commercial activities, trade finance, financial and banking services, and future economic forecasts. In the second phase, the scope of the portal was expanded to include additional themes on energy, agriculture, water and education, and the number of countries involved was also increased to include all Arab countries. The data for the first two phases of the project was limited to the period 2010-2014.

Following the successful completion of the first two phases, the Coordination Group institutions are currently financing the third phase of the portal. This phase will include the completion of data on sectors that had not been included in the previous two phases, and the addition of data covering the period 1980-2009 for all sectors and all Arab countries. The third phase will also include the establishment of a protocol by which the database will be automatically updated when any of the contributing national statistical offices updates their data. The implementation of the third phase is expected to last three years, after which the portal will be managed by one of the Arab institutions involved in the project or by an independent party.

Tenth Arab Energy ConferenceThe Arab Fund, in cooperation with the Organization of Arab Petroleum Exporting Countries (OAPEC), organizes a conference on energy issues in Arab countries. The conference is held every four years in an Arab country, and is attended by a group of prominent experts in the fields of energy and electricity, from Arab countries and around the world.

The tenth conference was held during the period 23-25 December, 2014, in Abu Dhabi, and was attended by about 200 participants including ministers and experts. The papers presented at this conference covered many topics, including developments in the oil and natural gas markets and their implications on the Arab energy sector, investments


required to develop the energy sector in Arab countries, energy and environment and sustainable development, Arab and international energy sources, energy consumption in Arab countries and possible conservation, electrical interconnection between Arab countries, and technology advancements and their implications on the energy sector.

In addition to its contribution to the organization and financing of the conference, the Arab Fund presented a paper on Pan Arab electrical interconnection and the utilization of natural gas. The paper presented the tradeoffs, for each Arab country and for all Arab countries combined, between exporting natural gas or using it domestically to generate electricity to be exported, in order to achieve the lowest total cost of generation to Arab countries during the period 2012-2030. The paper was based on a study financed by the Arab Fund in 2014 for this purpose.

Preparation of the Joint Arab Economic ReportThe Joint Arab Economic Report is considered an important source of economic and social information on Arab countries, for both researchers and decision makers. The Arab Fund continues its annual participation in the preparation of this report, in cooperation with the General Secretariat of the League of Arab States, the Arab Monetary Fund and the Organization of the Arab Petroleum Exporting Countries. The Arab Fund prepares the chapters of the report on economic and social development, the agriculture and water sector, the industrial sector and Arab developmental aid. In addition, the Arab Fund prepares, on a rotating basis with the Arab Monetary Fund, the chapter that addresses the theme of the report. The theme of this year’s report, which was prepared by the Arab Fund, was “Improving the Link Between the Education System and Labor Markets in the Arab Countries”. Cooperation with the World Bank in the Area of Research and StudiesIn the framework of addressing the pressing developmental issues in Arab countries with a view to closing the knowledge gap within the community of researchers and decision makers, and highlighting choices and improving policy design, two research initiatives were launched as partnerships between the World Bank and the Arab Fund, in the context of their longstanding cooperation and in support of the World Bank’s activities in the Arab region. The two initiatives were agreed on the basis of matching contributions, and carried out by the Economic Research Forum (ERF). A Scientific Committee and a Donors’ Committee were set-up to oversee the implementation of the work plan, the achievements and the results. Both the World Bank and the Arab Fund participate in these committees.

1. Research Initiative for Arab Development (RIAD)The main objective of RIAD, launched in 2008, is to help scale up and enhance the quality of economic research in the Arab world in order to inform the decision making process, and bridge the gap between the academic research and studies on the one hand, and the actual needs of the decision makers on the other hand. RIAD focuses on six priority areas, namely, equity and inequality, integration between Arab countries, natural resources and economic diversification, environment and climate change, labor markets and human development resources, and the political economy of transition to democracy in the Arab world. The activities of RIAD fall into one of three categories, which are: research and databases, capacity building and training, and outreach including conferences and publication.


2. Arab Spring Development Initiative (ASDI)ASDI was launched in 2014 and aims at supporting the developmental efforts of the Arab countries undergoing political and economic transformation, known as the Arab Spring countries, in this critical transitional juncture of their history, through enhanced access to data and knowledge pertaining to the pressing developmental issues for decision makers in these countries. ASDI focuses on three main areas of activity, which are: open access to data and survey-based research and their harmonization and wide dissemination, implementation and publication of policy-relevant research in relation to the political and economic transformation in the Arab Spring countries, and creation of a variety of platforms for policy discussions and dialogue on varying pressing topics for policy makers, researchers and other stakeholders such as the media and the various segments of civil society, and making research outcomes available to them.

Support to Inter-Arab InstitutionsThe Arab Fund supports the activities of inter-Arab institutions which promote Arab development directly or indirectly, especially in the areas of development of human resources and the increase of their theoretical and applied capabilities, or studies and research, or institutional support which enhances the abilities of those institutions to carry out their activities. For example, the Arab Fund has provided 35 grants to support the programs and facilities of the Arab Planning Institute in Kuwait, for a total amount of about KD 2.1 million, of which a grant of KD 100 thousand was extended in 2015. The Arab Fund has also provided 11 grants to the Arab Institute for Training and Research in Statistics, for a total amount of about KD 290 thousand, of which a grant of KD 60 thousand was extended in 2015. These two institutions provide, in cooperation with official institutions in Arab countries, academic and training services to Arab experts in the fields of planning, monitoring, evaluation, statistics and information.


Fourth: Financial Statements for the Financial YearEnded at 31 December 2015

I. Financial Position

Assets:The value of Arab Fund assets increased in 2015 by KD 93 million (3%) compared to 2014 reaching KD 3,300 million, this increase was mainly in Investments as shown in the below schedule:

Variation20142015Assets KD

Million %KD Million %KD

Million

271%191%46Cash & Cash Equivalents

459%28610%331Investments

41%442%48Share in capital of related entities

32%732%76Investment in Associate

1286%2,75784%2,769Loans

21%281%30Others Assets

93100 %3,207100 % 3,300 Total

3%

Liabilities:The value of Liabilities decreased in 2015 by KD (78.7) million (51%) compared to 2014 reaching KD 76.3 million, this decrease was mainly in Special Account for financing small and medium enterprises as shown in the below schedule:

Variation20142015Liabilities KD


Million

(79.4)51%79.40%0.0Special Account for Financing Small & Medium Enterprises

(0.8)22%34.344%33.5Grants

0.08%12.817%12.8Provision for Pension Fund

1.519%28.539%30.0Other Liabilities

(78.7)100%155.0100%76.3 Total

(51)%


Members’ Equity:The value of Members’ Equity increased in 2015 by KD 172 million 6% compared to 2014 reaching KD 3,224 million, this increase was mainly from Share Capital as shown in the below schedule:

Variation20142015Members’ Equity KD


Million

10584%2,55583% 2,660 Share Capital

88%2558%263General Reserve

558%2349%289Additional Reserve

40%80%12Other Reserves

172100%3,052100% 3,224 Total

6%

II. Income & ExpendituresIncome:The total Income for the year end amounted to KD 96.5 million compared to KD 92.7 million in 2014, with an increase of 4% reaching to KD 3.8 million. This increase was mainly from Interest Income from loans as shown in the below schedule:

Variation20142015Income KD


Million

14.678%72.791%87.3Interest Income from Loans

(9.5)19%17.58%8.0Gain from Investments

(1.7)3%2.61%0.9Income of Arab Trade Finance Program

0.40%(0.1)0%0.3Other operating revenues & (losses)

3.8100%92.7100%96.5Total

4%

Expenditures:Total Administrative Expenses for the year end amounted to KD 8.5 million compared to KD 8.3 million in 2014, this increase KD 0.2 million 2% was a result of Staff Cost as shown in the below schedule:

Variation20142015Expenditures KD


Million

0.576%6.380%6.8Staff Cost

(0.3)24%2.020%1.7Other Expenses

0.2100%8.3100%8.5Total

2%


Net Profit:Net profit for the year amounted to KD 77.5 million compared to KD 84.4 million in 2014, this decrease KD (6.9) million (8%) was a result of allocating Provision for private sector loans and Investments as shown in the below schedule:

Variation20142015Net Profit KD


Million

3.6100%84.4114%88.0Net Profit before Provision

(10.5)00.0% (14)(10.5)Loans & Investments Provision

(6.9)100%84.4100%77.5Net Profit of the Year

% (8)

III. Cash Flows Shown below is a schedule summarized for the main cash flows:

KD MillionCash Flows

20142015

109.8(43.0)Net change in trading investments

(257.8)(195.4)Disbursements of loans

159.1181.1Loans Repayments

(8.0)(7.6)Disbursements of grants

79.285.0Interest received

54.9105.4Paid up Capital

IV. Financial Indicators of Arab Fund Performance

20142015Financial Ratios

% %

2.6%2.3%Net Income/ Assets - ROA

2.8%2.4%Net Income/ Members’ Equity - ROE

9.0%8.8%Expenditures/ Revenues

86.0%83.9%Loans/ Assets

90.3%85.9%Loans/ Members’ Equity


Arab Fund for Economic and Social DevelopmentStatement of Financial Position

As at 31 December 2015 (KD 000)

2015 2014

Assets

Cash and cash equivalents 46,313 18,803

Investments 330,554 285,462

Share of capital in related parties 47,773 44,273

Investment in associate 76,329 73,233

Loans 2,768,537 2,756,985

Receivables from participants in the building 6,331 6,677

Other assets 24,151 21,321

Total assets 3,299,988 3,206,754

Liabilities and members’ equity

Liabilities

Special account for financing small and medium enterprises 0 79,412

Grants 33,490 34,299

Provision for pension fund 12,803 12,812

Other liabilities 30,008 28,475

Total liabilities 76,301 154,998

Members’ equity

Share capital 2,660,326 2,554,909

General reserve 262,401 254,650

Additional reserve 288,689 233,781

Grants reserve 3,898 4,296

Change in the fair value reserve 8,373 4,120

Total members’ equity 3,223,687 3,051,756

Total liabilities and members’ equity 3,299,988 3,206,754


Arab Fund for Economic and Social DevelopmentStatement of Comprehensive IncomeFor the year ended 31 December 2015

(KD 000)

2015 2014

Income

Interest income from loans 87,322 72,730

Net investments gain 7,616 17,384

Interest income from time deposits and call accounts 335 66

Gain from an associate 861 2,625

Net operating income / (expenses) 361 (51)

Net income 96,495 92,754

Administrative expenses

Staff costs 6,758 6,326

Other expenses 1,756 2,001

8,514 8,327

Net Income before provisions 87,981 84,427Provision for investment contribution Impairment – Private sector (7,718) 0

Provision for loans – Private sector (2,750) 0

Net profit for the year 77,513 84,427

Other comprehensive income

Net change in fair value of investments available for sale 4,253 5,680

Other comprehensive income for the year 4,253 5,680

Total comprehensive income for the year 81,766 90,107


Arab Fund for Economic and Social DevelopmentStatement of Changes in Members’ Equity

For the year ended 31 December 2015(KD 000)

ShareCapital

General Reserve

Additional Reserve

Grants Reserve

Change in Fair Value Reserve

Retained Earnings Total

Balance as at 1 January 2015 2,554,909 254,650 233,781 4,296 4,120 0 3,051,756

Profit for the year 0 0 0 0 0 77,513 77,513

Other comprehensive income for the year 0 0 0 0 4,253 0 4,253

Total comprehensive income for the year 0 0 0 0 4,253 77,513 81,766

Paid-up capital share 105,417 0 0 0 0 0 105,417

Transfer to support people of Palestine 0 0 (8,443) 0 0 0 (8,443)

Transfer to Arab Academic Fellowship 0 0 0 0 0 (55) (55)

Transfer to grants reserve 0 0 0 3,876 0 (3,876) 0

Transfer to general reserve 0 7,751 0 0 0 (7,751) 0

Transfer to additional reserve 0 0 65,831 0 0 (65,831) 0

Grants approved 0 0 (2,480) (4,751) 0 0 (7,231)

Grants cancelled and transferred 0 0 0 477 0 0 477

As at 31 December 2015 2,660,326 262,401 288,689 3,898 8,373 0 3,223,687

Balance as at 1 January 2014 2,500,000 246,207 76,389 3,752 (1,560) 0 2,824,788

Profit for the year 0 0 0 0 0 84,427 84,427

Other comprehensive income for the year 0 0 0 0 5,680 0 5,680

Total comprehensive income for the year 0 0 0 0 5,680 84,427 90,107

Paid-up capital share 54,909 0 0 0 0 0 54,909

Transferred from general loans provision 0 0 96,803 0 0 0 96,803

Transfer to support people of Palestine 0 0 (3,351) 0 0 0 (3,351)

Transfer to Arab Academic Fellowship 0 0 0 0 0 (135) (135)

Transfer to grants reserve 0 0 (7,688) 11,909 0 (4,221) 0

Transfer to general reserve 0 8,443 0 0 0 (8,443) 0

Transfer to additional reserve 0 0 71,628 0 0 (71,628) 0

Grants approved 0 0 0 (13,078) 0 0 (13,078)

Grants cancelled and transferred 0 0 0 1,713 0 0 1,713

As at 31 December 2014 2,554,909 254,650 233,781 4,296 4,120 0 3,051,756


Arab Fund for Economic and Social DevelopmentStatement of Cash flows

For the year ended 31 December 2015 (KD 000)

2015 2014

Operating activities

Profit for the year 77,513 84,427

Adjustments:

Interest income from loans (87,322) (72,730)

Gains on investments at fair value through profit or loss (9,502) (20,886)

Interest income from time deposits and call accounts (335) (66)

Share in results from an associate (861) (2,625)

Provision for investment contribution Impairment – Private sector 7,718 0

Provision for Loans – Private sector 2,750 0

Provision for pension fund 1,767 1,701

(8,272) (10,179)

Changes in operating assets and liabilities

Net change in trading investments (42,965) 109,797

Disbursements of loans (195,426) (257,848)

Loan’s repayments 181,124 159,140

Disbursements of grants (7,563) (7,968)

Receivables from participants in the building 346 346

Other assets (155) 67

Special Account for Financing Small and Medium Enterprises (79,412) 9,866

Other liabilities (6,965) (10,550)

Cash flows used in operations (159,288) (7,329)

Interests received 84,982 79,250

Pensions and employees’ end of service indemnity paid (1,776) (835)

Net cash flows (used in) / from operating activities (76,082) 71,086

Investing activities

Net changes in other investments (1,825) (148,366)

Net cash flows used in investing activities (1,825) (148,366)

Financing activities

Capital paid 105,417 54,909

Net cash flows from financing activities 105,417 54,909

Net increase /(decrease) in cash and cash equivalents 27,510 (22,371)

Cash and cash equivalents at beginning of the year 18,803 41,174

Cash and cash equivalents at end of the year 46,313 18,803


Arab Fund for Economic and Social DevelopmentIndependent Arab Regional Financial Organization - Kuwait

Significant Accounting Policies

Statement of compliancea) The financial statements of the Fund are prepared in compliance with accounting policies set out below and in the establishment convention of the Fund.

Basis of measurementb) The financial statements are prepared on a fair value basis for investments at the fair value through comprehensive income statement and investments available for sale, except those with no available and reliable measure of fair value. Other financial assets and liabilities and non-financial assets and liabilities are carried at amortized cost or historical cost. The accounting policies followed by the Fund are agreeing accordingly with the same policies followed in the previous year, except in discounting loan provision for impairment.

Investments c) Financial assets are classified as financial assets investments at fair value through comprehensive income statement, loans and receivables, or investments available for sale as deemed appropriate. The Fund determines the classification of its financial assets in principle upon recognition.

Investments are designated at fair value through comprehensive income statement if they are managed, and their performance is evaluated on reliable fair value basis in accordance with documented investment strategy. Investment assets at fair value through comprehensive income statement are carried in the statement of financial position at fair value with changes in fair value recognized in the statement of comprehensive income.

Equity investments classified as available for sale are those, which are neither classified as held for trading nor designated at fair value through income statement. Investments available for sale are subsequently measured at fair value with unrealized gains or losses recognised in other comprehensive income until the investment is derecognized, at which time the cumulative gains or losses are recognised in the comprehensive income statement; or until these are identified for impairment, then the cumulative losses are recorded in the comprehensive income statement. Financial statements whose fair value cannot be reliably measured are carried at cost less impairment losses, if any.

Loansd) Loans are listed at amortized cost minus the provision for impairment. The loans are listed at its amortized cost without any provision for impairment, as it is considered as guaranteed sovereign loans from the successive governments of member countries. Whereas, the value of the provision for impairment is estimated for the private sector when the loans are not expected to be paid in full. This provision is listed in the statement of comprehensive income.


Impairmente) An assessment is made by the Fund at each reporting date to determine whether there is objective evidence that a financial asset or group of financial assets may be impaired. All impairment losses are recognized in the profit or loss statement.

Investment in associatef) The investment in the associated entity is equity accounted. The fund’s share of the profit or loss shall be recognized on the basis of the equity percentage of the Fund of the total equity.

Fixed assetsg) Fixed assets are not capitalized but rather are directly recorded in statement of comprehensive income in the year of purchase.

Provision for pension fundh) Provision for the Fund’s obligation towards employees’ pension is determined based on contributions paid by the employees’ and the Fund, in addition to a return of 10% p.a. guaranteed by the Fund.

Foreign Currenciesi) Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates at the dates of the initial transactions. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined. Gains or losses arising on translation of non-monetary items measured at fair value are treated in line with the recognition of gains or losses on change in fair value of the item.

Cash and cash equivalentsj) Cash comprises of current accounts in banks, Cash equivalents comprise bank balances and short term deposits with maturity of three months or less.

Revenue recognitionk) Interest income is recorded using the• on a straight-line basis method that represent the price that fully discounts the cash flows from the expected life of the financial asset or a shorter period where appropriate, to the net carryed amount of the financial asset. Interest• and commission on loans to countries with unpaid past due interest for over three months are excluded from profit or loss and only recorded as income when received. Interest income• from time deposits and call accounts is recognized on a time proportion basis.Fee and commission income is recognized when• earned.Dividend income is recognized when the right to receive• payment is established.


ANNEXES



Annex 1

Project Sheets for Loans ExtendedDuring the Year 2015


ANNEx 1PROJECT 1 OF 15

Kingdom of Morocco El Jadida – Safi Motorway

(Supplementary Loan)

Loan No.: 616 Interest Rate: 3.0%

Beneficiary:Société Nationale des Autoroutes du Maroc (ADM)

Grace Period: 5 years

Project Cost: KD 150.2 million Maturity: 22 years Amount of Loan: KD 30.0 million Repayment: 35 semi-annual

installments Date of Loan Agreement: 28/01/2015 First

Installment:5 years followingthe first disbursement Date of

Effectiveness: 10/05/2015

Objectives:The project aims at improving land transportation services on the road network in Morocco to accommodate the rapidly growing road traffic and reduce traffic accidents. This project also contributes to the economic and social development of the middle western region of the country and links it to the rest of the motorway network, and facilitates land transportation between that region and the main cities in Morocco.

Description:The project, which is expected to be completed by the end of the second quarter of 2015, comprises the construction of El Jadida – Safi Motorway. The total length of this motorway is approximately 142 km, and consists of 4 lanes, 2 in each direction with a width of 7 m, a median with a width of 3 m, and shoulders on each side of the motorway with a width of 2.5 m. The project consists of the following components:

Motorway1. Construction: This includes civil works related to the construction of the motorway, drainage works, construction of over-passes and under-passes, as well as construction of main bridges over water courses.

Ancillary Works:2. This includes traffic lights and other safety equipment, maintenance workshops, toll stations and related equipment. It also includes extending and restoring the services affected by the project such as water pipelines, telephone and electricity lines.

Project Management:3. This includes setting up a project implementation unit to manage the project execution, providing consultancy services to assist in project supervision and implementation of the technical aspects of the project, as well as acquiring the services of specialized quality control laboratories.

Financing:The two Arab Fund’s loans No. 579/2012 and the supplementary loan, cover about 40% of the total project cost. The European Investment Bank has provided a loan to cover about 50% of the total project cost. ADM and the Moroccan Government will cover the remaining cost of the project and any additional cost that may arise.


Kingdom of MoroccoWater Supply to Chefchaouen

and Neighboring Villages


Beneficiary:National Office of Electricity and Potable Water






Objectives:The project aims at meeting the current needs of the city of Chefchaouen for potable water and its future needs until 2030, and providing water to the city of Bab Taza and rural villages located in the Chefchaouen and Tetouan provinces. This will be achieved by using water that will be provided by the Moulay Bouchta dam, which was recently constructed.

Description:The project, which is expected to be completed in the first half of 2019, consists of the construction of a water treatment plant, pumping stations and water storage tanks, the laying of pipelines to transport and distribute water, the installation of public fountains and house connections, supplying the treatment plant and pumping stations with electricity, and any other works required to implement the project. The project also includes the provision of the necessary consultancy services to prepare the project studies and tender documents, bid analysis, and supervision of the work implementation. The project consists of the following main components:

Water Production Facilities:1. This includes the construction of a water treatment plant with a capacity of about 13 thousand m3/day, the laying of pipelines with a total length of about 4 km, the construction of a storage tank with a capacity of about 2500 m3, and the construction of a water pumping station with a capacity of about 150 l/s. This component also includes the supply of electricity to the water treatment plant and the water pumping station. Water Transport and Distribution Facilities:2. This includes the laying of pipelines with a total length of about 585 km and the construction of 18 storage tanks with capacities ranging between 50 and 1500 m3. This component also includes the construction of about 25 water pumping stations with capacities ranging between about 1 l/s and 75 l/s, and their supply with electricity, in addition to the installation of about 270 public fountains and 2000 house connections.Technical Services:3. This includes the consultancy services needed to prepare the project studies and tender documents, bid analysis and project supervision.

Financing:The Arab Fund’s loan covers about 79% of the total project cost. The National Office of Electricity and Potable Water will cover the remaining cost of the project and any additional cost that may arise.



Arab Republic of EgyptCairo West Power Generating Station 650 MW


Beneficiary: Cairo Electricity Production Company Grace Period: 6 years





Objectives:The project aims at satisfying the increasing demand for electric power and energy in the Arab Republic of Egypt, by raising the installed power generation capacity in the Greater Cairo by 650 MW. This will be accomplished by adding a steam power generating unit that runs on natural gas as the primary fuel, to the existing Cairo West power station.

Description: The project, which is expected to be completed in the first half of 2019, comprises a 650 MW sub-critical steam generating unit consisting of a boiler, a turbine, a power generator and a condenser, in addition to transformers, circuit breakers, water treatment and environmental pollution monitoring systems, emissions control systems if required, measurement and control systems, and mechanical, electrical and civil works, spare parts, accessories, and consultancy services and insurance. The project consists of the following main components:

Boiler and Accessories1. , Pumps and Water Treatment: This includes the design, supply and installation of a boiler and its accessories, in addition to the supply, installation and technical services of the main water feed pumps, condensate pumps, circulating cooling water pumps and others. It also includes design, manufacturing and supply of primary water treatment, and demineralization and chemical dosing systems, and accessories.

Steam Turbine, Power Generator, Condenser and Accessories:2. This includes the design, manufacture, supply, installation, and supervision of commissioning of a steam turbine, and supply and installation of a hydrogen cooled power generator and related mechanical and electric works, and supply and installation of a condenser and accessories.

Transformers and Circuit3. Breakers: This includes the design and supply of power, interconnection, and auxiliary transformers. This also includes the supply and



installation of the 500 kV and 220 kV circuit breakers, and medium voltage breakers, in addition to supervision of commissioning.

Mechanical and Electrical Works, Heaters, Pipes and Control System:4. This includes regular mechanical works, and the installation of pumps, heat exchangers and pipes. The electrical works include the installation of transformers, distribution boards and cables. It also includes the supply of feed water heaters, critical piping and pumps, a measurement and control system, and supervision of commissioning.

Civil Works:5. This includes all civil works needed for the project such as foundations for equipment, structures, buildings and roads.

Tanks and 6. Environmental Pollution Monitoring Equipment: This includes the construction of tanks for heavy fuel oil, light gas oil, treated water and condensate. It also includes the supply and installation of environmental pollution equipment.

Consultancy Services and Insurance:7. This includes technical and consultancy services required for the project design and supervision, preparation of tender documents, bids’ analysis, assistance in contract negotiation and supervisory services, the environmental impact study, in addition to project insurance.

Financing: The Arab Fund’s loan covers about 27% of the total project cost. It is expected that the Kuwait Fund for Arab Economic Development will contribute to the financing of the project with a loan of KD 30 million (about 14%), the Saudi Fund for Development with a loan equivalent to about KD 31 million (about 14%), and the Islamic Development Bank with a loan equivalent to about KD 68 million (about 31%). The Egyptian Government will cover the remaining cost of the project and any additional cost that may arise.



Republic of DjiboutiSocial Housing in the City of Djibouti


Beneficiary: Housing Fund Grace Period: 5 years

Project Cost: KD 6.6 million Maturity: 25 yearsAmount of Loan: KD 6.0 million Repayment: 41 semi-annual

installmentsDate of Loan Agreement: 07/04/2015 First

Installment:5 years following the first disbursementDate of

Effectiveness: -

Objectives:The project aims at contributing to the alleviation of the housing crisis in the city of Djibouti, meeting the increasing demand for housing for low-income citizens, and improving their social conditions by providing them with adequate housing. The project, which is part of an integrated program to build about 5,000 housing units west of the capital, includes the construction of about 500 housing units.

Description:

The project, which is expected to be completed in the first quarter of 2018, consists of the expropriation of about 120 thousand m2 of land and its preparation, the construction of about 500 housing units for low-income citizens, and the provision of basic services such as roads, and water, electricity and sewage networks. The project also includes the provision of the necessary consultancy services to prepare the studies, designs, detailed plans and tender documents, as well as supervision of works. The project consists of the following components:

Land Expropriation and Preparation:1. This includes the expropriation of land necessary for the execution of the project and its preparation, and the provision of basic services to the project site such as electricity, drinking water and sewerage.

Construction of Housing Units:2. This includes all civil and construction works necessary for the construction of about 500 housing units, with the build-up area of each unit ranging between 84 and 104 m2. The total build-up area of the housing units and general facilities is about 50 thousand m2.

Basic Services:3. This includes the construction of internal roads, and the laying of electricity, water and sewerage networks.



Consultancy Services:4. This includes the necessary consultancy services to prepare the studies, designs, plans and bid documents for the project, assistance for tendering, bid analysis and award, and supervision of works.

Financing:The Arab Fund’s loan covers about 91% of the total project cost. The Government of Djibouti will cover the remaining cost of the project and any additional cost that may arise.



Republic of DjiboutiPort of Tadjourah

(Supplementary Loan)


Beneficiary: Ministry of Equipment and Transport Grace Period: 5 years




Effectiveness: -

Objectives:The project aims at improving maritime transport services in the Republic of Djibouti. This will be achieved through the construction of a new port in the city of Tadjourah to meet the increasing marine traffic demand, thus contributing to the economic and social development of the country, particularly the northern region.

Description:The project, which is expected to be completed in the first quarter of 2017, consists of the execution of the marine facilities works, including dredging and filling, the construction of a general cargo quay and breakwaters. The project also includes the construction of the infrastructure and buildings, the provision of the required equipment to operate the port, in addition to technical and consultancy services for its implementation. The main components of the project can be summarized as follows:

Marine Facilities:1. This consists of dredging the port basin and entrance channel to a depth of about 14 m, and backfilling works used to reclaim sea areas in order to provide land space necessary for storage. It also consists of the construction of a 490 m quay made of cellular cylindrical cofferdams, two breakwaters to protect the port basin, a canal for wadi flood diversion, and gabion walls to protect the port area.

Infrastructure, Buildings2. and Equipment: This includes the paving of storage areas with about 20 thousand m2 of reinforced concrete and about 140 thousand m2 of asphalt concrete, in addition to the paving of roads inside the port. It also includes all civil and architectural works for management, storage and maintenance buildings, the construction of workshops for the maintenance of the mechanical equipment, and a maritime traffic control tower in addition to works for electricity, drinking water, sewerage and telephone networks, and other ancillary works. This component also comprises the acquisition of all land and marine equipment and devices necessary for the port operations, including the shipping of potash.



3. Consultancy Services: This includes the consultancy services required for supervision of the project implementation.

Financing:The two Arab Fund’s loans, loan No. 577/2012 and the supplementary loan, cover about 44% of the total project cost. It is expected that each of the Saudi Fund for Development and the OPEC Fund for International Development will provide two loans equivalent to about KD 8.7 million (about 30%), and about KD 5.8 million (about 20%), respectively. The Government of Djibouti will cover the remaining cost of the project and any additional cost that may arise.



Hashemite Kingdom of JordanProgram to Support Small and Medium Private Sector

Projects and Enterprises

Loan No.: 623 Interest Rate: 3%

Beneficiary: Central Bank of Jordan Grace Period: 5 years





Objectives:The program aims at facilitating access to finance by Micro, Small and Medium Enterprises (MSMEs), helping create new job opportunities to reduce unemployment and poverty rates in the Hashemite Kingdom of Jordan through the projects to be financed, and reducing the MSMEs financing gap.

Description: The program will make available the required funds to MSMEs through banks and microfinance companies eligible to utilize such funds in order to help increase economic growth rates and create job opportunities in the Kingdom.

Financing: The Arab Fund’s loan covers 100% of the total program cost.



Republic of YemenRural Roads Development (Phase IV)


Beneficiary: Ministry of Public Works and Highways Grace Period: 5 years




Effectiveness: -

Objectives:The project aims at linking remote rural areas and isolated villages with cities and towns, facilitating the residents’ access to basic services and products, improving their social situation, and contributing to the reduction of poverty, through the construction, development and rehabilitation of several rural and community roads in the governorates of the Republic of Yemen, and the provision of employment opportunities through the use of national construction companies and local communities.

Description:The project, which is expected to be completed by the end of 2018, consists of the construction of about 600 km of rural roads, of which 470 km will be paved with asphalt and 130 km of the community roads will be paved with cobblestones. The project includes all civil and structural works, and the necessary ancillary works to ensure traffic safety, in addition to the provision of technical services and institutional support to the project implementation unit in order to raise its efficiency. The project consists of the following main components:

Execution of 1. Works: This includes all civil and structural works for the construction and rehabilitation of a number of rural roads in the governorates of Yemen, for a total length of about 600 km. This consists of earth works, foundation layers of asphalt paving and cobblestones, and structural works including small bridges, drainage facilities and retaining walls, in addition to the necessary ancillary works to ensure traffic safety.

Technical Services:2. This includes consultancy services needed to prepare the technical and economic studies, specifications, detailed designs and plans, and contract documents, as well as tender evaluation and work supervision.

Institutional 3. Support: This includes the provision of equipment and furniture for the unit, and the training of employees in the project implementation unit and on the project sites.

Financing:The Arab Fund’s loan covers about 81% of the total project cost. The Yemeni Government will cover the remaining cost of the project and any additional cost that may arise.



Republic of YemenPublic Works (Phase IV)


Beneficiary:Ministry of Planning and International Cooperation





Effectiveness: -

Objectives:The project aims at alleviating poverty, lowering the unemployment rate, improving the living conditions in the poor and remote areas, and mitigating the negative impact of the economic and financial reform programs. The project aims, through its various phases, at achieving these goals by the promotion of local development efforts to implement and develop sub-projects in infrastructure and services in various sectors, which will contribute to the provision of permanent and temporary employment opportunities.

Description:The project, which is expected to be completed by the end of 2018, consists of the implementation of the civil, structural, and architectural works of the sub-projects, the supply and installation of the necessary devices, equipment and furniture, the provision of the necessary consultancy services to prepare the studies, designs and tender documents, and supervision of the implementation. The project also consists of the necessary institutional support to raise the efficiency of the project management unit and other agencies contributing to the implementation, and to train their employees. The project consists of the following components:

Developmental Sub-Projects:1. This includes the implementation and development of about 225 sub-projects in infrastructure and services in poor rural, urban and remote areas in various economic and social sectors. These sectors include education, water and sewerage, agriculture, roads and social services.

Technical Services:2. This includes consultancy services needed to prepare the sub-project studies, designs and detailed plans, tender documents, bid analysis, and supervision.

Institutional 3. Support: This includes the implementation of the plans and programs aimed at raising the efficiency of the project management unit, the agencies



contributing to the implementation of the sub-projects, the implementation offices, and the training of employees implementing the project, in addition to the development of the database, the provision of the devices and equipment, and training on the management, operation, maintenance and monitoring of projects.

Project Implementation4. Management: This consists of the provision of all the administrative, financial and operational components necessary for the implementation of the project.

Financing:The Arab Fund’s loan covers about 88% of the total project cost. The Yemeni Government will cover the remaining cost of the project and any additional cost that may arise.



Hashemite Kingdom of JordanAl-Samra Power Generating Station (Phase VII)


Beneficiary:Al-Samra Electric Power Generating Company






Objectives:The project aims at satisfying the increasing demand for electric power and energy in the Kingdom by increasing the installed capacity of the Al-Samra power generating station from 1170 MW to 1240 MW. This will be accomplished through the supply and installation of a steam turbine generator unit rated at 70 MW, which, in conjunction with the gas turbine supplied in Phase VI of the station, will create a high efficiency combined cycle block.

Description: The project, which is expected to be completed by the middle of 2018, consists of the supply and installation of a steam generating unit that will utilize the exhaust gases from the gas turbine supplied in Phase VI of the station, and a 15/132 kV transformer to connect the generating unit to the national transmission grid. The project also includes the execution of the necessary mechanical, electrical and civil works, along with the provision of the required consultancy services. The project consists of the following main components:

Expansion of the Power Station:1. This includes the leveling of the project site, along with all other required civil works, the supply and installation of a HRSG unit, a steam turbine generator rated at 70 MW, a 15 kV generator main circuit breaker, a 15/132 kV power transformer rated at 100 MVA, in addition to the execution of all associated civil, mechanical and electrical works.

Consultancy Services2. : This includes the consultancy services required to prepare design drawings, assist in the tendering process, perform project supervision, and participate in witness testing and preliminary acceptance of equipment included in the project.



Financing: The Arab Fund loan covers about 46% of the total project cost. It is expected that the Saudi Fund for Development will provide a loan equivalent to about KD 16 million (about 46%). Al-Samra Electric Power Generating Company will cover the remaining cost of the project and any additional cost that may arise.



Republic of LebanonConveyance of Litani Water to Southern Lebanon for Irrigation and Drinking Purposes (Elevation 800 Meters) (Supplementary Loan)


Beneficiary:Council for Development and Reconstruction






Objectives:The project aims at contributing to the development of southern Lebanon by increasing agricultural production, providing potable water and creating additional employment opportunities to improve the living conditions of the citizens in the project area. This is to be achieved through the transfer of part of the regulated Litani river water from the existing Qaraoun dam to southern Lebanon in order to be used for irrigation and drinking water.

Description:The project, which is expected to be completed in the third quarter of 2018, will transfer about 110 million m3 of water from the Litani river which is regulated by the Qaraoun dam. About 90 million m3 will be used to irrigate about 15 thousand hectares, and about 20 million m3 to meet the drinking water demand in the project area up to the year 2040. The project will also produce electricity with an average of about 10.6 GWh annually. The project consists of the following main components:

Water Transfer Facilities1. : This includes the construction of a water intake on the existing tunnel downstream of Qaraoun Dam, a small hydroelectric station with a capacity of about 5 MW, concrete lined tunnels with a total length of about 9.6 km, and a concrete canal with a length of about 6.0 km and a width of about 6.9 m. This component also includes laying of main and secondary pipelines, in order to transport water to the agricultural areas and the villages that will be provided with drinking water, with total lengths of about 112 km. The facilities also include the construction of about 20 reinforced concrete tanks with capacities ranging between 5 and 22 thousand m3, the construction of about 4 pumping stations with capacities ranging between about 75 and 725 l/s each, as well as the establishment of a monitoring and control system for the operation of the project facilities.

Technical Services:2. This includes the updating and completion of the technical and economical feasibility study, the preparation of studies, detailed designs and tender documents, assistance in bid analysis and supervision of the project, in addition to preparing the necessary studies to utilize the water provided by the project.



Land Expropriation:3. This includes the land acquisition and compensation for properties necessary for the construction of the project.

Institutional 4. Support: This includes the provision of equipment, vehicles and devices to the project’s beneficiary, as well as training their employees.

Financing:The two Arab Fund’s loans, the original loan No. 418/2001 and the supplementary loan, cover about 46% of the total project cost. The Kuwait Fund for Arab Economic Development contributes to the financing of the project with two loans amounting to KD 41.0 million (about 30%). The Government of Lebanon will cover the remaining cost of the project and any additional cost that may arise.



Republic of TunisiaDevelopment of the Classified

Road Network and Rural Roads


Beneficiary:Ministry of Equipment, Housing and Spatial Planning





Effectiveness: -

Objectives:The project aims at improving land transportation services and traffic safety on roads

in most of the Tunisian governorates, linking agricultural production areas with markets

and export facilities, and alleviating the isolation of rural areas. This will be achieved

through the increase in the efficiency of the classified road network, and the construction

and improvement of a large number of rural roads.

Description:The project, which is expected to be completed by the end of 2017, includes the

rehabilitation and strengthening of a large number of segments of the classified road

network, and the construction and improvement of a large number of rural roads, in

addition to technical services required for construction supervision and quality control.

The project includes the following components:

Development of the Classified Road Network1. : This includes the rehabilitation

and strengthening of 38 segments of national, regional and local roads, with a

total length of about 625 km, spread over 19 governorates. The works include

coverage of all segments with an asphalt surface layer and rehabilitation of

their shoulders, earthworks, crack treatment, strengthening of base layers, and

construction of water drainage structures for some of the segments, in addition

to ancillary works.

Construction of Rural Roads:2. This includes the construction and improvement of

99 rural roads, with a total length of about 630 km, spread over 9 governorates. The

works include earthworks, base layers, an asphalt surface layer, water drainage

structures and ancillary works.



Technical Services:3. This includes the provision of consultancy services to assist

the Ministry in construction supervision and quality control of the works, in addition

to the preparation of any additional studies that may be required for the project

execution, and any modifications of the project design.

Financing:The Arab Fund’s loan covers about 69% of the total project cost. The Tunisian Government

will cover the remaining cost of the project and any additional cost that may arise.



Kingdom of MoroccoNador West Med Port


Beneficiary: Nador West Med Company Grace Period: 6 years




Effectiveness: -

Objectives:The project aims at developing maritime transport services in the Kingdom of Morocco

and meeting the increasing demand for these services. The project also aims at

contributing to the economic and social development in Morocco, particularly the

north-eastern regions.

Description:The project, which is expected to be completed in the first quarter of 2020, includes the

execution of the necessary infrastructure works for the port, and the ancillary works required

for its operation, in addition to the consultancy services required during the project’s

execution phase. The project also includes the execution of all superstructure works and

the provision of the equipment required for the operation of the different port berths. The

port will have a total capacity of 3 million TEU, 25 million tons of hydrocarbons, 3 million

tons of various types of bulk cargos, and 7 million tons of coal. The project components

can be summarized as follows:

Infrastructure Works:1. This comprises the execution of the following:

Dredginga. and Backfilling: This includes dredging of the port basin and the approach

channel to a depth of about 20 m, and in front of the port berths to a depth ranging

between 16 and 18 m. It also includes backfilling works required for land reclamation

behind the berths to be used as storage areas.

Main Breakwater:b. This breakwater has a length of about 4200 m, and protects the

northern and western sides of the port.

Secondaryc. Breakwater: This breakwater has a length of about 1200 m, and protects

the eastern side of the port.



Container d. Berth: This berth is located on the eastern side of the port. It has a length

of about 1520 m, and is divided into 4 docks with a length of about 380 m each.

Various Cargo and Coal Berth:e. This berth is located on the western side of the port.

It has a length of about 600 m, and is equally divided into two parts, one for various

cargo handling and the other for coal handling.

Hydrocarbons Berths:f. There are 3 of them, and they are attached to the main

breakwater.

Service and Ro-Ro Berth:g. This berth is located on the southern side of the port. It

has a length of about 380 m, of which 50 m will be used for receiving Ro-Ro ships,

and the remaining length will be used for the port services.

Ancillary Works:2. This comprises the execution of works required for port operation,

such as service buildings, utility networks, navigational aids, and other ancillary

works.

Consultancy Services:3. This comprises consultancy services required for project

execution, which include review of studies, design and execution plans, as well as

project supervision and quality control.

Superstructures and Equipment:4. This includes the completion of the container and

cargo storage areas, and the provision of the equipment required for the operation of

the different port berths.

Financing:The Arab Fund’s loan covers about 19% of the total project cost. It is expected that

the African Development Bank will contribute to the financing of the project with a loan

equivalent to about KD 34 million (about 11%), and the European Bank for Reconstruction

and Development with a loan equivalent to about KD 68 million (about 22%). The

company and the Moroccan Government will cover the remaining cost of the project and

any additional cost that may arise.



Arab Republic of EgyptWastewater Facilities in Areas Neighboring

Al Rahawi Drainage Canal


Beneficiary:Construction Authority for Potable Water and Wastewater (CAPW)





Effectiveness: -

Objectives:The project aims at improving the health of the population and the environment in about 32 areas neighboring Al Rahawi Drainage Canal in Giza governorate, through the construction of the required wastewater facilities.

Description:The project, which is expected to be completed by the middle of 2019, consists of the following main components:

Construction of Wastewater Facilities:1.

Collection a. Networks: This includes the rehabilitation, supply and installation of major and minor pipelines, with a total length of about 436 km, to collect the raw wastewater.

Pumping Stations and b. Transport Pipelines: This includes the construction of about 40 pumping stations to pump the collected wastewater. It also includes the supply and installation of pipelines, with a total length of about 60 km, to transport the raw wastewater from these pumping stations to the treatment plants.

Treatment Plants:c. This includes the expansion of Al-Ayat wastewater treatment plant, currently under construction with a capacity of 30,000 m3/day, to 90,000 m3/day, and the construction of a new treatment plant in the Manshiyet Radwan with a capacity of 30,000 m3/day.

Technical Services and Institutional Support2. : This includes provision of required consultancy services for preparation of tender documents, bid analysis, supervision of works, follow up during the maintenance period, in addition to hiring of experts, acquisition of operation and maintenance equipment, and conducting training programs.



Execution of House Connections:3. This includes the laying of pipes and the construction of manholes.

Land Expropriation and Provision 4. of Basic Services: This includes the expropriation of land, and the provision of required roads, water and electricity services to the pumping stations and treatment plants.

Financing:The Arab Fund’s loan covers about 77% of the total project cost. The Egyptian Government will cover the remaining cost of the project and any additional cost that may arise.



Islamic Republic of MauritaniaDevelopment of Electricity

Transmission and Distribution Networks

Loan No.: 629 Interest Rate: 2.5 %

Beneficiary: SOMELEC Grace Period: 7 years



Installment:

7 years following the first disbursement Date of

Effectiveness: -

Objectives:The project aims at providing a number of the interior towns in Mauritania with reliable and low cost electric energy. This will be accomplished by interconnecting several towns located in the southern region with the Manantali electric power grid, interconnecting several towns located in the eastern region with two new hybrid power plants currently under construction in the region, along with the electrical interconnection between the cities of Nouakchott and Nouadhibou at 225 kV.

Description: The project, which is expected to be completed by the end of 2018 includes the construction of 90 kV and 33 kV substations and transmission lines to provide 5 towns located in the southern region with low cost power available from the Manantali electric power grid, the construction of 33 kV, and below, substations, transmission and distribution lines to supply a number of towns located in the eastern region with the electricity to be generated from two hybrid power plants currently being constructed in the area, along with the construction of 225 kV and 90 kV substations and transmission lines to interconnect the electric networks of Nouakchott and Nouadhibou. The project also includes the provision of necessary consultancy services. The project consists of the following main components:

Transmission Network in the Southern Region1. : This includes the construction of 90 kV and 33 kV substations and transmission lines in the southern region to feed the interior towns of Aleg, Boutilimit, Shegar, Maqtaa Lahgar and Sangrava with electric energy generated from the Manantali dam.

Transmission and Distribution Networks in the Eastern Region:2. This includes the construction of 33 kV, 15 kV and 0.4 kV substations, transmission and distribution lines to feed several small interior towns and villages located in the eastern region from the energy that will be produced from two hybrid power generating stations currently under construction in the towns of Nema and Adel Bagro.



Electrical Interconnection between Nouakchott and Nouadhibou:3. This includes the expansion of the 225 kV electric substation attached to the northern power plant in Nouakchott, the construction of a new 225/90 kV main substation in Nouadhibou, connecting both substations with a 225 kV double circuit transmission line, along with the construction of a 40 km transmission line and substation, both at 90 kV, in order to connect the main power generating power plant in Nouadhibou with the main substation under construction there.

4. Consultancy Services: This includes providing consultancy services necessary to supervise the project works.

Financing: The Arab Fund’s loan covers about 38% of the total project cost. The Saudi Fund for Development contributes to the financing of the project with a loan equivalent to about KD 45.3 million (about 51%). The Mauritanian Government will cover the remaining cost of the project and any additional cost that may arise.



Hashemite Kingdom of JordanInfrastructure Development in the Petra Region


Beneficiary:Petra Development and Tourism Region Authority




Installment:

5 years following the first disbursement Date of

Effectiveness: -

Objectives:The project aims at developing tourism activity in Jordan, improving infrastructure in the Petra region and the surrounding urban centers, and meeting the increasing demand for road traffic and relieving congestion within this region. This will be achieved through the construction of tourism and recreational facilities, in addition to the improvement and development of the internal road network in the project area and linking it to the main network.

Description:The project, which is expected to be completed in the first quarter of 2018, includes the construction of tourism and recreational facilities, the development of the internal road network, and the provision of technical services. The following is a description of these components:

Construction of Tourism1. and Recreational Facilities: This comprises the construction of a number of buildings in the center of Wadi-Musa city, including shops, parking and tourism facilities, and recreational spaces for visitors. The total area of the facilities is about 15,500 m2. These buildings will provide an area of approximately 2,000 m2 for the construction of shops, and the remaining area will be used to construct a carpark building with a capacity of 368 cars.

Development of the Internal Road 2. Network: This component comprises: (i) the construction of an interchange at the intersection of the Petra entrance and Ain-Musa (a bridge 160 m long, two 80 m long tunnels, and side roads with a total length of about 3.2 km), (ii) the rehabilitation of the back road of the city of Petra, linking the Petra protected area to the heritage village (about 1.8 km), and (iii) the construction of an arterial road as an alternative to the current road crossing Wadi-Musa city (about 1 km).




Technical Services:3. This includes the provision of consultancy services required for the preparation of the project studies, and the supervision of its implementation.

Financing :The Arab Fund’s loan covers about 72% of the total project cost. The Jordanian Government will cover the remaining cost of the project and any additional cost that may arise.


Capital, Resources and Status of Loans and Grants 1972 - 2015

(KD Million)

Years Capital Total Resources Income Administrative

ExpensesSurplus Income Signed Loans

1972 15.4 16.0 0.6 0.1 0.5 -1973 21.7 22.7 1.0 0.6 0.4 -1974 36.0 38.7 2.9 0.8 2.1 37.11975 52.0 57.4 3.7 0.9 2.8 56.11976 99.6 108.5 5.9 1.5 4.4 98.21977 131.9 145.7 10.3 2.1 8.2 103.91978 164.9 186.2 11.3 2.2 9.1 -1979 202.7 225.8 14.7 2.0 12.7 19.41980 260.7 313.2 22.1 2.2 19.9 30.21981 317.5 393.3 26.8 2.1 24.7 40.51982 374.2 482.9 36.7 2.4 34.3 67.31983 450.1 598.4 40.2 3.2 37.0 91.11984 520.5 680.4 40.2 2.9 37.3 85.61985 581.1 797.4 61.0 3.2 57.8 53.21986 642.2 960.5 113.8 3.2 110.6 104.51987 644.2 1,009.3 53.9 3.2 50.7 65.41988 644.3 1,062.0 80.0 2.9 77.1 112.91989 663.0 1,176.2 103.7 3.0 100.7 165.81990 663.0 1,236.7 68.9 3.2 65.7 195.01991 663.0 1,245.2 74.4 3.7 64.9 171.41992 663.0 1,344.4 116.7 3.2 104.7 175.71993 663.0 1,424.9 99.5 3.1 85.0 184.51994 663.0 1,421.5 2.8 3.3 - 0.4 194.41995 663.0 1,495.3 117.2 3.4 80.6 207.51996 663.0 1,584.8 98.5 4.0 94.4 266.41997 663.0 1,675.0 105.4 4.1 96.1 244.11998 663.0 1,747.8 83.8 4.7 77.9 258.01999 663.0 1,828.7 95.3 4.7 86.6 266.02000 663.0 1,933.2 81.4 4.7 76.7 279.52001 663.0 1,983.9 53.6 4.9 48.7 285.02002 663.0 2,054.4 34.2 4.9 78.6 293.52003 663.0 2,169.8 129.2 4.9 122.4 308.52004 663.0 2,266.0 119.3 5.2 113.2 309.02005 663.0 2,354.5 108.4 5.9 102.6 335.02006 663.0 2,451.1 126.5 6.6 119.6 345.02007 663.0 2,535.0 117.3 6.0 111.2 368.02008 2,000.0 2,513.4 6.0 6.7 - 0.9 366.82009 2,000.0 2,617.5 123.2 7.3 115.8 334.12010 2,000.0 2,669.7 95.4 6.9 89.3 360.52011 2,000.0 2,717.2 76.2 7.4 68.8 340.02012 2,000.0 2,808.6 112.0 8.4 103.6 379.02013 2,500.0 2,824.8 87.1 8.1 33.5 388.02014 2,554.9 3,051.8 92.8 8.3 84.4 412.52015 2,660.3 3,223.7 96.5 8.5 77.5 426.0Total - - 2,950.4 180.7 2,690.8 8,824.7

ANNEx 2PAGE 1 OF 2


Capital, Resources and Status of Loans and Grants 1972 - 2015

(KD Million)

No. of Loans*

Average Amount of Loan*

Loan Disbursements Repayments Grants Grant

Disbursements

No. of Member States

No. of BeneficiaryCountries

No. of Technical

Staff

- - - - - - 17 - - - - - - - - 17 - 188 4.6 1.8 - 0.2 0.1 17 7 26

11 5.1 11.7 - 0.5 0.1 20 8 3014 7.0 18.3 - 0.4 0.2 21 10 4315 6.9 24.7 - 1.0 0.6 21 11 56 - - 61.8 0.2 0.4 0.3 21 - 484 4.9 37.0 2.1 0.3 0.2 21 6 309 3.4 25.5 3.4 0.7 0.2 21 8 32

13 3.1 36.1 6.0 1.3 0.2 22 11 2926 2.6 26.8 9.5 1.3 0.7 22 9 2129 3.1 30.2 11.9 1.5 0.6 22 12 3221 4.1 29.9 10.8 1.3 0.7 22 11 3717 3.1 44.5 12.6 1.4 1.2 22 11 4420 5.2 57.3 26.2 3.3 1.0 22 10 5011 5.9 48.4 25.5 3.8 2.2 22 7 5020 5.6 45.5 26.0 5.1 2.7 22 9 5015 11.1 84.0 31.1 3.8 4.8 22 8 5018 10.8 40.6 26.8 4.7 3.4 21 8 5211 15.6 85.7 46.6 3.3 4.2 21 8 4513 13.5 103.1 44.7 3.4 3.2 21 8 4612 15.4 116.5 40.5 5.9 3.2 21 6 4316 12.2 115.7 40.1 3.5 4.1 21 9 4512 17.3 174.8 42.4 5.8 3.9 21 7 4618 14.8 212.7 46.9 2.9 3.5 21 9 6122 11.1 178.5 50.0 4.9 3.0 21 9 6618 14.3 165.6 53.1 3.9 3.9 21 10 6515 17.7 173.2 51.9 6.3 4.5 21 12 6815 18.6 228.8 119.5 13.0 5.8 21 10 6915 19.0 182.8 93.9 5.0 5.2 21 11 6915 19.6 161.2 90.6 4.1 4.5 21 10 7116 19.3 199.7 122.5 7.0 5.9 21 10 6818 17.2 250.3 101.0 5.1 6.1 21 9 6719 17.6 282.2 155.1 4.5 6.2 21 11 6918 19.2 281.5 306.3 13.9 7.8 21 9 6816 23.0 274.5 136.5 11.3 6.5 21 8 6716 22.9 284.7 129.5 10.5 6.9 21 6 6818 18.6 249.3 186.9 7.5 8.0 21 8 6914 25.7 291.7 167.2 9.6 7.0 21 8 6912 28.3 233.0 157.3 13.4 6.5 21 6 6513 29.2 235.0 165.3 7.5 8.4 21 9 6618 21.6 251.5 158.4 7.4 10.1 21 8 6715 27.5 257.8 159.1 13.1 8.0 22 8 7115 28.4 195.4 181.1 7.2 7.6 22 8 72

641 13.8 5,809.8 3,038.5 211.1 162.6 - - -

* Based on the date of signature of the loan agreement.

ANNEx 2PAGE 2 OF 2


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1974 - 1979 1980 - 1984 1985 - 1989 1990 - 1994 1995 - 1999 2000 - 2004 2005 - 2009 2010 - 2015

Debt Owed to the Arab FundRepaymentsDisbursementsLoans

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Cumulative Loans, Disbursements, Repaymentsand Debt Owed to the Arab Fund During the Period

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Loans, Disbursements, Repayments and Debt Owed to the Arab Fund During the Period 1974 - 2015

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Summary of Loans Extended to Member States 1974 - 2015

(KD Million)

Beneficiary States

No. of Loans Amount of LoansEffective

Loans andDisbursements

% D

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ts

1 Hashemite Kingdom of Jordan 48 47 589.6 43.0 546.6 6.8 540.6 489.3 90.5

2 Republic of Tunisia 54 54 815.8 47.3 768.5 9.6 718.5 537.0 74.7

3 Algerian Democratic and People’s Republic 26 25 395.3 112.5 282.8 3.5 282.8 282.8 100.0

4 Republic of Sudan 40 39 724.8 13.0 711.8 8.9 651.8 490.1 75.2

5 Republic of Iraq 10 9 59.7 10.6 49.1 0.6 36.4 19.6 53.7

6 Syrian Arab Republic 51 50 697.0 39.5 657.5 8.2 597.5 467.1 78.2

7 State of Libya 9 8 175.7 33.2 142.5 1.8 142.5 132.9 93.2

8 Arab Republic of Egypt 57 56 1,330.7 89.6 1,241.1 15.4 1,196.1 887.1 74.2

9 Republic of Yemen 105 102 927.9 24.6 903.3 11.2 849.0 548.8 64.6

10 Republic of Lebanon 28 27 489.0 36.3 452.7 5.6 418.7 250.3 59.8

11 Kingdom of Morocco 71 70 1,302.9 121.5 1,181.4 14.7 1,121.4 888.3 79.2

12 Kingdom of Bahrain 20 19 301.5 33.3 268.2 3.3 268.2 212.9 79.4

13 Somali Democratic Republic 12 11 40.7 2.8 37.9 0.5 37.9 23.8 62.8

14 Islamic Republic of Mauritania 55 55 493.7 4.7 489.0 6.1 456.0 345.6 75.8

15 Sultanate of Oman 26 25 371.5 164.5 207.0 2.6 193.0 163.0 84.5

16 Palestine 5 5 17.0 2.5 14.5 0.2 14.5 14.4 98.8

17 Republic of Djibouti 24 22 92.0 4.9 87.1 1.1 78.1 56.9 72.9

Total 641 624 8,824.7 783.7 8,041.0 100.0 7,603.1 5,809.8 76.4

ANNEx 3


Sectoral Distribution of Loans Among Beneficiary Member States, 1974 - 2015

(KD Million)

Beneficiary States

Infrastructure Sectors Productive Sectors

Soci

al S

ervi

ces

Sect

ors*

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ent

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and

M

inin

g

1 Hashemite Kingdom of Jordan 36.6 6.0 299.9 8.8 121.4 22.5 58.0 36.5 589.7 6.7

2 Republic of Tunisia 299.8 4.7 130.8 59.9 216.0 59.0 25.0 20.6 815.8 9.2

3 Algerian Democratic and People’s Republic 45.0 7.8 147.0 30.0 77.3 10.0 70.0 8.2 395.3 4.5

4 Republic of Sudan 198.6 7.7 229.5 29.3 195.5 64.2 - - 724.8 8.2

5 Republic of Iraq - 5.0 8.5 - 8.0 18.8 - 19.4 59.7 0.7

6 Syrian Arab Republic 69.0 60.7 368.0 47.5 86.1 52.1 13.0 0.6 697.0 7.9

7 State of Libya - 12.5 127.2 - - 36.0 - - 175.7 2.0

8 Arab Republic of Egypt 132.0 - 815.4 146.0 - 121.9 83.4 32.0 1,330.7 15.1

9 Republic of Yemen 326.9 8.9 208.9 112.6 63.3 35.2 126.1 46.0 927.9 10.5

10 Republic of Lebanon 89.0 - 115.5 82.0 63.0 - 105.5 34.0 489.0 5.5

11 Kingdom of Morocco 651.0 4.0 85.5 122.3 397.5 9.0 33.0 0.6 1,302.9 14.8

12 Kingdom of Bahrain 50.5 6.0 84.0 66.0 - 25.0 70.0 - 301.5 3.4

13 Somali Democratic Republic 16.5 2.9 6.8 5.0 9.5 - - - 40.7 0.5

14 Islamic Republic of Mauritania 88.8 11.1 188.8 155.9 10.3 19.3 4.5 15.0 493.7 5.6

15 Sultanate of Oman 178.5 3.0 22.0 45.0 3.0 6.0 40.0 74.0 371.5 4.2

16 Palestine 5.0 - - - 6.0 - 6.0 - 17.0 0.2

17 Republic of Djibouti 17.5 5.9 22.0 17.0 1.9 0.7 27.0 - 92.0 1.0

Total 2,204.7 146.2 2,859.8 927.3 1,258.8 479.7 661.5 286.8 8,824.7 100.0Percentage 25.0 1.6 32.4 10.5 14.3 5.4 7.5 3.3 100.0

ANNEx 4

* Include Education, Health, Housing and Social Development Sectors.


0

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400

600

800

1000

1200

1400

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Soci

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, 197

4 -

2015

(KD

Mill

ion)


No. Country / Project LoanNo.

Amountof Loan

Cancelled Loans and Balances

Disbursements During 2015

Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(1) Hashemite Kingdom of Jordan1 Amman Northern Approach* 14/75 5,000 69 - 4,931 4,931 2 Electric Power Development I* 19/76 6,000 - - 6,000 6,000 3 Electric Power Development II* 43/77 5,900 - - 5,900 5,900 4 Aqaba Water* 47/79 2,100 129 - 1,971 1,971 5 Second Pan-Arab

Telecommunications* 58/80 5,000 4,433 - 567 567

6 White Cement Industry (Jordan and Syria)* 78/82 5,000 - - 5,000 5,000 7 Potable Water to the Rural Areas* 82/82 700 - - 700 700 8 Electric Power Development III

(Aqaba Power Station)* 92/82 5,000 - - 5,000 5,000

9 Fifth Pan-Arab Telecommunications (Inter-Arab)/(Earth Stations)*

96/82 1,000 - - 1,000 1,000

10 Small Farmers Credit in the Jordan Valley* 108/83 2,500 - - 2,500 2,500 11 Zarqa-Al Mafraq-Syrian Border Road* 118/83 4,000 - - 4,000 4,000 12 Central Ghors Irrigation* 145/84 6,000 82 - 5,918 5,918 13 Mitigation of Earthquake Risks* 148/84 450 182 - 268 268 14 The Lower Zarqa River Basin* 165/85 5,000 - - 5,000 5,000 15 Zara-Ghor Haditha Road* 175/86 5,600 27 - 5,573 5,573 16 Ruwaishid Pilot Scheme in Hammad

Basin (Inter-Arab)* 184/86 1,500 4 - 1,496 1,496

17 Extension of Aqaba Thermal Power Station**

192/87 7,000 7,000 - - -

18 Shaidiya Phosphate Mines* 224/89 8,000 700 - 7,300 7,300 19 Jordan-Egypt Power Link* 233/89 10,500 - - 10,500 10,500 20 Supporting Operations of Jordan

Electricity Authority and the Jordan Phosphate Mines Co.*

239/90 8,000 - - 8,000 8,000

21 Industrial Development Bank Operations Program, 1990 - 1993*

252/90 5,000 17 - 4,983 4,983

22 Karameh Dam* 277/93 15,000 1,104 - 13,896 13,484 23 Second Agricultural Credit for Income

Diversification* 283/93 2,500 - - 2,500 2,175

24 King Abdallah Teaching Hospital* 285/93 10,000 399 - 9,601 9,025 25 Aqaba Power Station Phase II

and Reinforcement of Internal Transmission Lines*

301/94 35,000 - - 35,000 30,000

26 Interconnection of Jordan and Syria Power Grids (Jordan)*

311/95 19,500 - - 19,500 16,065

27 Aqaba Thermal Power Station (Phase III)* 320/95 26,000 - - 26,000 21,460 28 Hwarat-Abu Zeighan Irrigation Water

Pipeline* 333/96 1,900 595 - 1,305 1,067

29 Infrastructure Development in the Poor Areas*

358/97 6,000 446 - 5,554 3,409

30 Integrated Development in the Southern Ghors*

359/97 34,000 11,395 - 22,605 17,917

Loans Extended to Beneficiary Member States 1974 - 2015

(KD 000)

ANNEx 5PAGE 1 OF 22

* Completed Project. ** Fully Cancelled Loan.



Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(1) Hashemite Kingdom of Jordan31 Integrated Development in the Southern

Ghors (Phase II - Mujib Dam)* 365/98 12,000 356 - 11,644 7,794

32 King Abdallah Teaching Hospital (Second Loan)*

371/98 15,000 29 - 14,971 10,421

33 Prince Hamza Hospital* 386/99 23,000 9,348 - 13,652 8,212 34 Al-Wehdah Dam* 394/2000 35,000 6,082 - 28,918 12,768 35 Education Reform - School Buildings* 444/2003 10,000 318 - 9,682 3,962 36 Amman Development Corridor (Section I)* 455/2003 12,000 1 - 11,999 1,799 37 Al-Samra Power Generating Station* 462/2004 21,000 - - 21,000 7,200 38 Amman Development Corridor - Phase

I (Second Loan)*499/2006 10,000 - - 10,000 -

39 Al-Samra Power Generating Station (Phase II)*

515/2007 20,000 - - 20,000 3,990

40 Comprehensive Development of Wadi Araba Region (Phase l)

522/2007 6,000 - 598 5,527 850

41 Al-Samra Electric Power Generating Station (Phase lII)*

524/2007 30,000 - - 30,000 3,440

42 Al-Samra Electric Power Generating Station (Financing Phase IV and Additional Financing for Phase III)*

542/2009 30,000 - - 30,000 2,430

43 Sanam Coated Glass Factory (P)* 12P/2010 4,500 323 - 4,177 418 44 Al-Samra Electric Power Generating

Station (Phase V)*567/2011 30,000 - 1,781 27,519 -

45 Al-Samra Electric Power Generating Station (Phase VI)*

587/2012 30,000 - - 27,632 -

46 Al-Samra Electric Power Generating Station (Phase VII)

620/2015 16,000 - - - -

47 Program to Supoort Small and Medium Private Sector Projects and Enterprises

623/2015 30,000 - - - -

48 Infrastructure Development in the Petra Region

630/2015 6,000 - - - -

Subtotal 589,650 43,039 2,379 489,288 262,493(2) Republic of Tunisia1 Tunis Sud Electric Power* 3/74 2,000 1 - 1,999 1,999 2 El-Borma Gas* 15/75 4,000 4 - 3,996 3,996 3 Development Credit* 34/77 7,000 - - 7,000 7,000 4 Water Supply for Industry in Gabes* 50/79 3,300 1,018 - 2,282 2,282 5 Ghardima Plain Irrigation* 57/80 3,500 478 - 3,022 3,022 6 Bizerte Fisheries Port* 64/81 3,800 649 - 3,151 3,151 7 Fourth Pan-Arab Telecommunications* 72/81 3,700 - - 3,700 3,700 8 Potable Water to Rural Areas* 83/82 600 88 - 512 512 9 Wadi Lubna for Irrigation and

Agricultural Development* 91/82 3,500 1,628 - 1,872 1,872

10 Fifth Pan-Arab Telecommunications (Earth Stations)*

101/82 1,000 3 - 997 997

11 Water Supply for the Central and Southern Coastal Areas*

115/83 4,000 1,489 - 2,511 2,511

12 Mornag Agriculture* 123/83 1,500 133 - 1,367 1,367

ANNEx 5PAGE 2 OF 22


(KD 000)

* Completed Project. (P): Private Sector Project.



Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(2) Republic of Tunisia13 Burj Tomi, Mater and Sajnan Irrigation* 144/84 6,000 2,700 - 3,300 3,300 14 Mitigation of Earthquake Risks* 149/84 575 48 - 527 527 15 Integrated Rural Development (Phase I)* 166/85 14,000 - - 14,000 14,000 16 Northern Roads Development* 190/87 7,000 - - 7,000 7,000 17 Monastir Fishery Port* 195/87 1,300 72 - 1,228 1,228 18 Al-Qairawan Plain Irrigation* 207/88 5,500 2,079 - 3,421 3,421 19 Tunis Municipality Road Rehabilitation* 213/88 2,700 - - 2,700 2,700 20 Rehabilitation and Maintenance of

the Phosphoric Acid and Fertilizers Company’s Factories*

228/89 16,000 - - 16,000 16,000

21 Hammamat-Masaken Motorway* 242/90 20,000 - - 20,000 20,000 22 Tunisia-Libya Power Link* 243/90 17,800 - - 17,800 11,880 23 Maintenance of Flood-Damaged Roads* 253/90 5,000 1,049 - 3,951 3,951 24 Sidi El-Barraq Dam Project for Potable

Water and Irrigation* 273/92 20,000 3,217 - 16,783 15,783

25 Integrated Rural Development (Phase II)* 293/94 21,000 372 - 20,628 18,783 26 Roads Development* 296/94 10,000 - - 10,000 8,835 27 University Buildings in Gafsa* 321/96 10,000 2,119 - 7,881 6,185 28 Al-Wakael Project (Phase III)* 328/96 5,000 254 - 4,746 3,815 29 Zarqa Dam and the Irrigation of

Tbarqa and Mekna Plains* 338/96 13,000 3,830 - 9,170 6,585

30 Hima, Abeed, Rumail and Al-Bark Dams for Irrigation*

348/97 22,000 6,497 - 15,503 11,158

31 Supporting the Vocational Training and Employment Programs*

361/97 11,000 134 - 10,866 7,236

32 Improvement of the Roads Network and Rural Roads*

374/98 35,000 30 - 34,970 21,970

33 Tunis - Bizerte Motorway* 382/99 24,000 4,877 - 19,123 11,423 34 El-Kebir and El-Maoula Dams* 391/99 28,000 4,525 - 23,475 10,745 35 Development of the Industrial Parks* 402/2000 14,000 4,776 - 9,224 5,766 36 Tunis - Mejez El-Bab Motorway* 405/2000 25,000 1,885 - 23,115 12,150 37 Developmental Credit Lines* 413/2001 11,000 2,000 - 9,000 4,952 38 Construction of Six Dams in the North

to Supply Potable Water* 428/2002 32,000 - 792 25,583 10,670

39 Modernization of the Transmission Network*

443/2003 30,000 - - 30,000 12,040

40 Sarrat Dam and Irrigation of Oulad Bou Ghanem and Mahjouba Plains

459/2004 12,000 - 1,216 6,623 1,800

41 Al-Wakael Project (Phase IV)* 464/2004 4,000 - 112 2,277 1,220 42 Regional and Rural Roads Network* 483/2005 16,000 125 - 15,875 3,617 43 Wadi Al-Kabir Dam in Gafsa Province 490/2006 3,000 - 962 1,570 340 44 Ghannouch Combined Cycle Power

Generating Station494/2006 25,000 - - 24,938 3,550

45 Regional and Rural Roads Network (Phase II)*

518/2007 22,000 1,226 - 20,774 3,664

46 Ghannouch Combined Cycle Power Generating Station (Supplementary Loan)*

543/2009 15,000 - - 15,000 2,150

47 Sousse Power Generating Station (Second Expansion)

553/2010 37,000 - 1,889 27,643 -

ANNEx 5PAGE 3 OF 22


(KD 000)

* Completed Project.



Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(2) Republic of Tunisia48 Oued Zarga - Bousalem Motorway 561/2011 38,000 - 4,925 12,159 - 49 Urgent Program to Support Small

Private Sector Projects 573/2011 15,000 - - 5,000 -

50 Integrated Development Program 574/2011 42,000 - 3,999 11,672 - 51 Mdhila 2 Triple Super Phosphate

Fertilizer Production 592/2013 22,000 - - - -

52 Regional and Rural Roads Network (Phase III) 608/2014 40,000 - 1,028 1,028 -

53 Upper Mellegue Dam 609/2014 30,000 - - - - 54 Development of the Classified Road

Network and Rural Roads 624/2015 50,000 - - - -

Subtotal 815,775 47,305 14,923 536,962 300,854

(3) Algerian Democratic and People’s Republic1 New Arzew Port* 5/74 6,000 1,563 - 4,437 4,437 2 Telecommunications* 10A/75 300 52 - 248 248

3 Jijel Port* 42/77 12,000 6,760 - 5,240 5,240

4 Navigation Inspection Unit* 55/80 2,000 70 - 1,930 1,930

5 Fourth Pan-Arab Telecommunications* 71/81 4,500 153 - 4,347 4,347

6 Two Hospitals in Tihart State* 94/82 5,000 1,624 - 3,376 3,376

7 Fifth Pan-Arab Telecommunications (Earth Stations)* 102/82 1,000 - - 1,000 1,000

8 The Mitigation of Earthquake Risks (First Loan)* 117/83 4,700 3,704 - 996 996

9 Agricultural Credit* 140/84 6,000 - - 6,000 6,000

10 Wadi Mina Irrigation* 167/85 6,500 1,364 - 5,136 5,136

11 Sharfa Dam* 183/86 10,800 2,042 - 8,758 8,758

12 Bani Haroun Dam for Municipal Water, Electricity and Irrigation (First Loan)* 210/88 17,000 127 - 16,873 16,873

13 South Power Supply: Adrar Power Station* 261/91 21,000 1,028 - 19,972 19,972

14 Bashar-National Grid Power Link* 280/93 16,000 2,235 - 13,765 13,765

15 Bani Haroun Dam for Municipal Water, Electricity and Irrigation (Supplementary Loan)*

298/94 6,000 - - 6,000 6,000

16 Power Generating Station in Hassi Massoud* 324/96 40,000 57 - 39,943 39,943

17 The Mitigation of Earthquake Risks (Second Loan)* 332/96 3,500 1,887 - 1,613 1,613

18 Development of Small and Medium Industries* 339/97 10,000 1,012 - 8,988 8,988

19 Power Generating Station in Hassi Massoud (Supplementary Loan)* 353/97 10,000 47 - 9,953 9,953

20 Al-Hama Power Generation Station* 377/98 30,000 1,476 - 28,524 28,524

ANNEx 5PAGE 4 OF 22


(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(3) Algerian Democratic and People’s Republic21 Upgrading of the Electric Grid* 387/99 30,000 - - 30,000 30,000

22 Development of Social Housing in the Central Region*

396/2000 35,000 12,190 - 22,810 22,810

23 Pumping and Conveyance of Bani Haroun Water (First Stage)*

415/2001 31,000 3,902 - 27,098 27,098

24 Conveyance of Bani Haroun Water (Conveyor to Othmania Dam)*

424/2002 30,000 21,597 - 8,403 8,403

25 Afroun- Husseinia Motorway* 426/2002 27,000 19,599 - 7,401 7,401

26 Housing Construction and Reconstruction**

450/2003 30,000 30,000 - - -

Subtotal 395,300 112,487 - 282,813 282,813

(4) Republic of Sudan

1 Gadaref-Kassala Motorway (First Loan)*

6/74 8,000 - - 8,000 8,000

2 Telecommunications* 9/75 4,800 257 - 4,543 4,543 3 Rahad Roads* 16/75 4,400 11 - 4,389 4,389 4 Sennar-Damazin Motorway* 31/76 11,000 986 - 10,014 10,014 5 Railways Development* 46/77 5,000 32 - 4,968 4,968

6 Gadaref-Kassala Motorway (Supplementary Loan)*

51/79 5,200 - - 5,200 5,200

7 Nzara Rural Development** 65/81 2,500 2,500 - - - 8 Potable Water for the Rural Areas* 84/82 1,800 73 - 1,727 1,727


100/82 1,300 223 - 1,077 1,077

10 Rehabilitation of Sugar Industry (First Loan)*

110/83 6,000 - - 6,000 6,000

11 Rehabilitation of Sugar Industry (Second Loan)*

111/83 7,500 - - 7,500 7,500

12 Rehabilitation of Gezira Agricultural Scheme (First Loan)*

136/84 8,000 - - 8,000 8,000

13 Rehabilitation of Gezira Agricultural Scheme (Second Loan)*

155/85 4,400 - - 4,400 4,400

14 Rehabilitation of Khartoum Water and Sewerage Facilities*

179/86 2,500 - - 2,500 2,500

15 Rehabilitation of Telecommunications (Phase I)*

180/86 1,600 - - 1,600 1,600

16 Rehabilitation of the Sugar Industry (Third Loan)*

181/86 3,400 - - 3,400 3,310

17 Rehabilitation of Gezira Agricultural Scheme (Third Loan)*

182/86 9,600 - - 9,600 7,692

18 National Power Grid* 198/87 8,500 - - 8,500 8,500 19 Port Sudan Water Supply* 206/87 10,000 5,000 - 5,000 3,520 20 Textiles Rehabilitation* 208/88 4,500 3,765 - 735 735 21 Paving of the Main Roads* 392/2000 23,000 - - 23,000 11,160 22 Roseires Dam* 393/2000 12,000 - - 12,000 5,850 23 Atbara - Haiya - Port Sudan Road* 410/2001 25,000 - - 25,000 7,425 24 Merowe Dam* 422/2002 46,000 - - 46,000 16,250

25 Generation and Transmission of Electricity from Merowe Dam*

448/2003 30,000 - - 30,000 7,200

ANNEx 5PAGE 5 OF 22


(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(4) Republic of Sudan26 Gadaref-Doka-Gallabat Road* 457/2003 9,000 130 - 8,870 2,514 27 Merowe Dam Road* 474/2005 4,000 - - 1,534 1,116

28 White Nile Sugar* 476/2005 21,000 - - 21,000 4,760 29 Heightening of Roseires Dam (Phase

II)*521/2007 58,000 - 1,131 58,000 4,500

30 Merowe Dam (Supplementary Loan)* 528/2008 58,000 - 3,023 49,709 4,500 31 Al Salam Cement Factory (P)* 8P/2008 2,778 - - 2,778 2,778 32 White Nile Sugar (Supplementary Loan) 548/2010 30,000 - 362 27,863 970 33 Khartoum New International Airport 552/2010 50,000 - - - - 34 Upper Atbara and Setit Dams

Complex557/2010 50,000 - 8,487 48,616 -

35 Electric Power Generating Station in the Upper Atbara and Setit Dams Complex

566/2011 30,000 - 4,241 13,618 -

36 East Sudan Roads 578/2012 54,000 - 6,325 18,384 - 37 Water Harvesting in Border Provinces 582/2012 15,000 - - 2,168 - 38 Loan Program for Industrial

Development Projects586/2012 10,000 - - - -

39 Upper Atbara and Setit Dams Complex (Supplementary Loan)

591/2013 30,000 - 4,438 4,438 -

40 Nyala - El-Geneina Transmission Line to the Darfur States

599/2013 57,000 - - - -

Subtotal 724,778 12,978 28,006 490,131 161,697

(5) Republic of Iraq1 Deep Freeze Store* 107/83 10,000 1,700 - 7,259 3,032 2 Fifth Pan-Arab Telecommunications

(Earth Stations-Arabsat) 141/84 5,000 - - 4,373 -

3 Mitigation of Earthquake Risks 150/84 525 - - 503 63 4 Deep Freeze Store in Ninawa** 169/85 8,900 8,900 - - - 5 Agricultural Credit 200/87 8,000 - - 2,678 - 6 Industrial Credit 209/88 8,000 - - 3,726 - 7 Industrial Credit II 225/89 2,800 - - 283 - 8 Abattoir and Meat Processing Unit

(Central Region) 226/89 3,800 - - 749 -

9 Abattoir and Meat Processing Unit-Basra

235/90 4,200 - - - -

10 Basra Power Grid 248/90 8,500 - - - - Subtotal 59,725 10,600 - 19,571 3,095

(6) Syrian Arab Republic1 Fuel Storage Tanks* 2/74 2,000 - - 2,000 2,000

2 Cattle Breeding (Ghab)* 8/74 5,400 3,412 - 1,988 1,988

3 Damascus Water Supply (First Loan)* 26/76 12,000 - - 12,000 12,000

4 Banias Power Station* 45/77 6,000 - - 6,000 6,000

ANNEx 5PAGE 6 OF 22


(KD 000)

* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.



Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(6) Syrian Arab Republic5 Second Pan-Arab

Telecommunications* 60/80 2,700 918 - 1,782 1,782

6 Homs and Hama Sewerage* 61/81 5,000 4,354 - 646 646 7 Damascus Garbage Composting* 70/81 2,200 2 - 2,198 2,198 8 Tartous-Lattakia Motorway* 93/82 6,000 - - 6,000 6,000 9 Fifth Pan-Arab Telecommunications

(Earth Stations)* 95/82 1,000 - - 1,000 1,000

10 Damascus-Sanamein-Jordanian Border Road*

128/83 9,000 - - 9,000 9,000

11 Mehardeh Power Station Extension (First Loan)*

146/84 6,500 239 - 6,261 6,261

12 Mitigation of Earthquake Risks* 151/84 575 11 - 564 564 13 Pesticides Arab Joint Venture (Syria-

Jordan)** 154/84 1,900 1,900 - - -

14 Mehardeh Power Station Extension (Second Loan)*

156/85 4,500 143 - 4,357 4,357

15 Damascus Water Supply (Second Loan)* 164/85 3,000 361 - 2,639 2,639 16 Fifth Pan-Arab Telecommunications (Earth

Stations) - (Supplementary Loan)* 172/86 1,000 - - 1,000 1,000

17 Tenf Pilot Scheme in Hammad Basin (Inter-Arab)*

185/86 1,700 - - 1,700 1,700

18 Ghab and Asharneh Plains Irrigation* 193/87 15,000 995 - 14,005 14,005 19 Mehardeh Power Station Extension

(Supplementary Loan)* 194/87 2,500 - - 2,500 2,500

20 Hamah-Saraqeb Road and Ain Eissa-Qintari Road*

214/88 8,000 31 - 7,969 7,741

21 Homs and Hama Sewerage* 241/90 9,500 1,944 - 7,556 7,016 22 Aleppo Sewerage* 245/90 12,500 5,434 - 7,066 6,881 23 Rehabilitation of Phosphate Fertilizer

Plant in Homs* 246/90 10,000 1,082 - 8,918 8,195

24 Khaboor Irrigation (Phase I)* 250/90 15,000 1,281 - 13,719 12,549 25 Jourine Joint Water Supply* 260/91 5,500 1,598 - 3,902 3,314 26 Phosphate Fertilizers in Tadmur 265/92 30,000 - - - - 27 Medical Equipment in Hospitals* 271/92 13,000 23 - 12,977 9,477 28 Southern Region Agricultural

Development Project (Phase II)* 274/92 3,500 909 - 2,591 1,909

29 Tishrin Hydroelectric Dam* 279/93 36,000 3,054 - 32,946 24,576 30 Rehabilitation of Sulphuric Acid Plant

in Homs* 287/93 6,000 739 - 5,261 5,261

31 Zeizoun Power Generating Station* 291/93 30,000 689 - 29,311 21,711 32 Agricultural Development in Jabal

Al-Hoss* 307/95 2,500 832 - 1,668 744

33 Interconnection of Jordan and Syria Power Grids (Syria)*

312/95 30,000 - - 28,223 17,290

ANNEx 5PAGE 7 OF 22


(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(6) Syrian Arab Republic34 Syria-Turkey Power Grid

Interconnection and Reinforcing the Syrian Internal Network*

314/95 26,000 2,936 - 23,064 10,714

35 Construction of 66 kV Substations in Six Governorates*

319/95 15,500 - - 11,902 5,880

36 Agricultural Development in the Coastal and Central Areas*

327/96 17,500 6,559 - 10,941 3,741

37 Modernization of the Communications System in Syria (1.650 million new lines)*

351/97 26,000 - - 21,950 11,840

38 National Control Center for the Electric System*

366/98 10,000 - - 7,382 3,575

39 Integrated Development in the Badia* 368/98 20,000 - - 14,659 5,970 40 Lattakia - Ariha Motorway 379/98 30,000 - - 26,829 11,180 41 Modernization of the Communications

System (Subscribers’ Networks)* 384/99 30,000 - - 30,000 10,260

42 The Expansion and Conversion to Combined Cycle of Nasrieh Power Plant *

409/2001 25,000 - - 9,293 2,860

43 Transformation Stations in the Industrial Cities of Rif Dimashq, Homs and Aleppo Provinces*

429/2002 9,000 - - 7,371 1,750

44 Rural Development in Idlib Governorate

433/2002 5,500 - - 606 -

45 Converting Zeizoun Power Station to Combined Cycle*

440/2003 22,000 - - 13,654 2,950

46 Power Generating Station in the South (Deir Aly)*

469/2004 30,000 - - 29,643 -

47 Arab Gas Pipeline Project - Third Stage (Aleppo - Kalas Section)

529/2008 10,000 - - 1,881 -

48 Expansion of Deir Ali Power Generating Station

536/2008 45,000 - - 20,169 -

49 Deir Al-Zor - Al-Boukamal Road 537/2008 16,000 - - 33 - 50 Power Generating Station in the

Eastern Region (Deir Al-Zor) 493/2006 30,000 - - - -

51 Power Generating Station in the Eastern Region (Deir Al-Zor) - (Supplementary Loan)

565/2011 30,000 - - - -

Subtotal 696,975 39,447 - 467,123 273,023

(7) State of Libya

1 Two Fish Packaging Plants in Sabrata and Zlaiten*

240/90 11,000 1,867 - 9,133 9,133

2 Libya-Tunisia Power Link * 244/90 2,200 784 - 1,416 787 3 Interconnection of the Libyan and

Egyptian Power Grids (Libya)* 326/96 12,000 2,590 - 9,410 6,650

4 National Control Center for the Libyan Electrical System*

329/96 20,000 - - 20,000 5,139

5 Submarine Fiber Optic Cable* 369/98 12,500 2,932 - 9,568 9,568 6 Development Credit** 385/99 25,000 25,000 - - - 7 Converting North Benghazi Electrical

Power Plant to Combined Cycle* 398/2000 25,000 - - 25,000 7,600

ANNEx 5PAGE 8 OF 22


(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(7) State of Libya8 Conversion of Al-Zawya Power Station

to Combined Cycle* 437/2002 28,000 - - 22,012 7,500

9 Electrical Inter-Connection at 400 kV (Phase II)

458/2004 40,000 - - 36,336 8,050

Subtotal 175,700 33,173 - 132,875 54,427

(8) Arab Republic of Egypt1 Talkha II Fertilizers (First Loan)* 4/74 6,500 - - 6,500 6,500 2 Tourah Cement Expansion* 11/75 6,700 - - 6,700 6,700 3 Cairo-Fustat Water Supply* 17/75 9,700 1,806 - 7,894 7,894 4 Cairo-Helwan Sewerage* 18/75 8,300 7,603 - 697 697 5 Talkha II Fertilizers (Supplementary

Loan)* 24/76 2,700 6 - 2,694 2,694

6 Abu-Qir Power Station Extension* 28/76 12,000 3,041 - 8,959 8,959 7 Kafr El-Dawar Textiles* 30/76 10,000 - - 10,000 10,000 8 Suez Canal Development* 40/77 12,000 - - 12,000 12,000 9 Dumyat Power Station (Phase II)* 221/89 35,000 700 - 34,300 34,300 10 Idfu Wood Pulp Plant Extension* 229/89 7,500 632 - 6,868 6,524 11 Egypt-Jordan Power Link* 234/89 34,100 3,339 - 30,761 30,761 12 Soda Ash Plant (First Loan)* 238/90 7,000 - - 7,000 6,660 13 Ammonium Nitrate Unit* 247/90 8,000 - - 8,000 7,790 14 Kureimat Power Station* 254/91 36,250 3,585 - 32,665 30,325 15 Rubber Tires and Tubes Factory

Extension* 255/91 10,500 - - 10,500 9,180

16 Social Development Fund (Phase I)* 256/91 14,400 11 - 14,389 12,539 17 Sewerage Projects in 46 Towns* 270/92 36,000 14,732 - 21,268 18,308 18 Sidi-Kreir Thermal Power Station* 272/92 44,000 6,363 - 37,637 27,649 19 Mitigation of Earthquake Risks* 275/92 2,000 1 - 1,999 1,663 20 Reconstruction of Earthquake-

Damaged Schools* 276/93 15,000 - - 15,000 11,680

21 Suez Transformers Station* 278/93 16,000 733 - 15,267 12,558 22 Rehabilitation of Phosphatic

Fertilizers Plant in Abu Zaabal*284/93 4,000 242 - 3,758 3,758

23 Electric Insulations Plant* 286/93 4,500 484 - 4,016 4,016 24 Float Glass Plant* 292/94 15,000 384 - 14,616 14,616 25 Soda Ash Plant (Second Loan)* 295/94 4,000 82 - 3,918 3,918 26 Oyun Moussa Power Station* 309/95 39,000 8,600 - 30,400 21,184 27 Construction of a Special Steel

Factory* 318/95 15,000 409 - 14,591 13,901

28 Social Development Fund (Phase II)* 346/97 21,000 - - 21,000 10,206 29 The Liver Diseases Center 362/98 3,000 - 18 210 - 30 Construction of a Flat Steel Plant* 372/98 17,000 79 - 16,921 16,921

ANNEx 5PAGE 9 OF 22


(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(8) Arab Republic of Egypt31 Upgrading the Egyptian National

Railroads Authority’s Locomotives and Workshops*

399/2000 16,000 - - 15,498 4,960

32 Cairo North Power Generation Station*

407/2001 27,000 1,707 - 25,293 7,743

33 Water Supply for 240 Villages Deprived of Potable Water - Phase I

420/2001 17,000 - - 13,110 5,810

34 Natural Gas Pipeline (Al-Arish - Aqaba)*

427/2002 17,000 4,224 - 12,776 12,776

35 Nubaria Power Station - Phase I* 434/2002 30,000 681 - 29,319 9,819 36 Nubaria Power Station - Phase II* 438/2003 30,000 104 - 29,896 8,336 37 Educational Buildings** 442/2003 30,000 30,000 - - - 38 Water Supply for 240 Villages

Deprived of Potable Water - Phase II 432/2002 30,000 - - 27,459 9,516

39 Talkha Combined Cycle (750 M.W.) Power Generation Station*

461/2004 30,000 - - 29,486 7,700

40 Development of the Waterway Between Cairo and Alexandria

472/2005 10,000 - - 3,063 1,160

41 Expansion of West Cairo Power Generation Station*

484/2005 30,000 - - 30,000 3,850

42 Development of Hurghada International Airport

488/2006 35,000 - 1,553 34,313 860

43 Al-Atf Power Generating Station* 492/2006 30,000 - - 30,000 3,080 44 Expansion of Abu Qir Power

Generating Station 1300 MW513/2007 30,000 - 733 29,869 1,540

45 Expansion of Abu Qir Power Generating Station 1300 MW (Second Loan)

525/2007 30,000 - 733 29,869 1,540

46 El-Ain El-Sokhna Power Generating Station

539/2009 55,000 - 8,858 47,109 -

47 South Gas Pipeline 530/2008 25,000 - - 20,847 - 48 Banha Power Generating Station* 554/2010 50,000 - 2,587 36,513 - 49 Development of Hurghada

International Airport (Supplementary Loan)

559/2010 15,000 - 1,237 13,900 -

50 South Helwan Power Generating Station

571/2011 55,000 - 2,353 2,353 -

51 Urgent Program to Support Small and Medium Private Sector Projects and Enterprises

572/2011 30,000 - 3,578 22,440 -

52 Modernization of the Signaling System on the Benha - Zagazig - Ismailia - Port Said Corridor

583/2012 44,000 - - - -

53 Electrical Interconnection Between the Arab Republic of Egypt and the Kingdom of Saudi Arabia

603/2013 45,000 - - - -

54 Assiut Power Generating Station (El-Walidia) 650 MW

604/2013 55,000 - - - -

55 Al Nouran Sugar (P)* 14P/2014 3,500 - 3,500 3,500 - 56 Cairo West Power Generating Station

650 MW615/2014 60,000 - - - -

57 Wastewater Facilities in Areas Neighoring Al Rahawi Drainage Canal

628/2015 45,000 - - - -

Subtotal 1,330,650 89,547 25,152 887,141 432,592

ANNEx 5PAGE 10 OF 22


(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(9) Republic of Yemen1 Mukalla Multipurpose* 1/74 3,200 - - 3,200 3,200 2 Electric Power I* 7/74 4,000 - - 4,000 4,000 3 Aden Port Rehabilitation* 12/75 3,900 - - 3,900 3,900 4 Hodeida Water Supply and Sewerage* 13/75 6,000 727 - 5,273 5,273 5 Taiz-Aden Road* 22A/76 3,800 - - 3,800 3,800 6 Aden-Taiz Road* 22B/76 6,500 - - 6,500 6,500 7 Mukalla Multipurpose (Supplementary

Loan)* 27/76 2,600 1,904 - 696 696

8 Electric Power II* 32/77 9,000 - - 9,000 9,000 9 Sana’a Water Supply* 37/77 5,000 91 - 4,909 4,909 10 Hadramaut Power* 48/79 4,000 - - 4,000 4,000 11 Wadi Tuban Agricultural Scheme* 53/80 1,900 25 - 1,875 1,875 12 Dhamar Water Supply and Sewerage* 56/80 3,000 7 - 2,993 2,993 13 Electric Power III (Dhamar-Taiz

Transmission Network)* 62/81 4,700 - - 4,700 4,700

14 Aden Water Supply (First Loan)* 63/81 3,500 - - 3,500 3,500 15 Third Pan-Arab Telecommunications* 68/81 1,400 - - 1,400 1,400 16 Third Pan-Arab Telecommunications* 69/81 1,300 - - 1,300 1,300 17 Electric Power IV (Al-Mokha Power

Station)* 79/82 4,000 42 - 3,958 3,958

18 Potable Water to Rural Areas* 87/82 1,500 - - 1,500 1,500 19 Potable Water to Rural Areas* 88/82 700 80 - 620 620 20 Nashtoun Fisheries Port* 90/82 3,000 - - 3,000 3,000 21 Fifth Pan-Arab Telecommunications

(Earth Stations)*97/82 1,200 - - 1,200 1,200

22 Reconstruction of Flood-Damaged Roads and Bridges*

109/83 1,000 - - 1,000 1,000

23 Strengthening of Taiz-Al Mafraq Road* 114/83 2,100 388 - 1,712 1,712 24 Electric Power III Development

(Electrification of Five Towns East of Mukalla)*

122/83 1,500 - - 1,500 1,500

25 Fisheries Manpower Centre (FMDC) and the Fisheries Co-operatives (FDC)*

124/83 1,000 - - 1,000 1,000

26 Dhamar Water Supply and Sewerage (Supplementary Loan)*

125/83 3,000 7 - 2,993 2,993

27 Rural Development in the Central Highlands*

126/83 3,000 236 - 2,764 2,764

28 Seiyoun Regional Water Supply* 127/83 2,000 - - 2,000 2,000 29 Seiyoun Regional Water Supply

Development (Phase II)* 131/84 3,700 61 - 3,639 3,639

30 Geological and Water Mapping of Northern Yemen*

132/84 1,200 151 - 1,049 1,049

31 Geological and Water Mapping of Southern Yemen*

133/84 1,200 211 - 989 989



(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(9) Republic of Yemen32 Development of Health Institute* 138/84 1,100 246 - 854 854 33 Strengthening of Sana’a-Taiz Road* 147/84 5,600 247 - 5,353 5,353 34 Mitigation of Earthquake Risks* 152/84 600 1 - 599 599 35 Grain Silos** 157/85 8,000 8,000 - - - 36 Wadi Hajar Agriculture* 160/85 3,500 - - 3,500 3,500 37 Aden-Abyan Electrification Scheme* 161/85 5,900 237 - 5,663 5,663 38 Nisab-Beigan Road* 170/86 4,200 58 - 4,142 4,142 39 Electricity Distribution Network (First

Loan)* 173/86 4,200 - - 4,200 4,200

40 Greater Aden Second Water Supply (Second Loan)*

174/86 2,000 221 - 1,779 1,779

41 Wadi Jawf Agricultural Development* 177/86 3,100 151 - 2,949 2,949 42 Aden Water Supply (Supplementary Loan)* 188/86 1,000 2 - 998 998 43 Laboos Water Supply* 189/87 4,000 58 - 3,942 3,942 44 Strengthening Sana’a-Hodeida Road* 199/87 6,800 - - 6,800 6,800 45 Lawder-Mukairas Road and Road

Maintenance* 204/87 5,500 113 - 5,387 5,387

46 The FMDC and the FDC (Supplementary Loan)*

205/87 1,500 37 - 1,463 1,463

47 Zabid-Al Hodeida Road Rehabilitation* 211/88 2,500 - - 2,500 2,500 48 Northern Region Agricultural

Development* 215/88 3,500 38 - 3,462 2,992

49 Yemen Power Link Taiz-Aden* 217/88 8,600 24 - 8,576 7,652 50 Yemen Power Link Aden-Taiz* 218/88 10,000 62 - 9,938 9,406 51 Al-Mukalla Water Supply* 220/88 2,850 20 - 2,830 2,830 52 Integrated Rural Development in the

Central Highlands* 222/89 3,500 254 - 3,246 2,344

53 Agricultural Credit* 230/89 5,500 8 - 5,492 5,021 54 Wadi Hadramaut Agricultural

Development Project (Phase III)** 232/89 3,300 3,300 - - -

55 Hojja-Al Khashm Road* 236/90 3,000 570 - 2,430 2,265 56 Electricity Distribution Network

(Second Loan)* 251/90 4,500 146 - 4,354 3,355

57 SEA-ME-WE II Submarine Cable Project (Second Loan)*

268/92 5,000 1,905 - 3,095 2,695

58 Rehabilitation of Flood-damaged Electricity, Water and Sewerage Facilities in Aden*

288/93 2,500 23 - 2,477 1,937

59 Sana’a Sewerage Treatment Plant* 322/96 8,000 1 - 7,999 5,269 60 Social Development Fund* 350/97 6,000 - - 6,000 3,078 61 Wadi Hadramaut Agricultural

Development Project (Phase III)* 357/97 4,000 702 - 3,298 1,306

62 Sanitation Networks in Sana’a 383/99 18,000 - 128 14,639 9,640 63 Sayhut - Nashtoun Road* 403/2000 26,000 - 473 20,736 9,790 64 Sana’a International Airport Development 411/2001 28,000 - - 9,837 9,837 65 Social Development Fund - Phase II* 425/2002 15,000 - - 15,000 5,265 66 Grain Silos and Flour Mills at Saleef Port (P)* 2P/2002 3,000 - - 3,000 3,000



(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(9) Republic of Yemen67 Ma’rib - Sana’a Transmission Lines at 400

k.V. and Upgrading the Electrical Grid* 435/2002 30,000 - - 27,584 7,300

68 Dhamar - Al-Husseiniya Road 445/2003 15,000 - - 14,755 4,380 69 Construction of Ma’rib Gas-Turbine

Electrical Generating Station* 447/2003 25,000 - - 24,531 6,710

70 Major Intersections in Sana’a City 453/2003 15,000 - 188 14,762 4,745 71 Grain Silos and Flour Mills at Saleef

Port (Supplementary Loan) (P)*3P/2004 2,000 - 2,000 2,000 ـ

72 Completion of Sanitation Networks in Sana’a

463/2004 12,000 - 144 10,486 3,351

73 Five-Star Hotel in Sana’a (P)* 4P/2004 6,000 - - 6,000 3,436 74 Rural Access Roads 467/2004 26,000 - 1,073 22,218 4,690 75 Development of Local Communities

(Phase III)* 477/2005 15,000 - - 15,000 2,430

76 Aden Iron Factory in Lahaj Governorate (P)*

5P/2006 7,000 - - 7,000 4,180

77 Social Development Fund - Phase III* 480/2005 15,000 - - 15,000 2,430 78 Wastewater Facilities in Seiyoun and

Tarim482/2005 15,000 - 59 1,826 365

79 Construction of a Second Ma’rib Gas-Turbine Power Generating Station and the Expansion of the Transmission Grid

502/2006 30,000 - 100 25,777 -

80 Agricultural and Fisheries Development in the Hadramout Coastal Area

508/2007 12,000 - 53 614 568

81 Aden Iron Factory in Lahaj Governorate (Supplementary Loan) (P)*

7P/2007 3,000 - - 3,000 1,546

82 Sana’a International Airport Development (Phase II)

516/2007 47,000 - - 1 -

83 Development of the Coastal Road in Aden Governorate

520/2007 10,000 - 141 2,128 -

84 Development of Water and Wastewater Facilities in Aden Governorate

526/2008 10,000 - 114 407 -

85 Glass Factory in Sana’a Governorate (P) 9P/2008 3,175 - - 3,114 - 86 Taez International Airport

Development533/2008 7,000 - - - -

87 Major Intersections in Sana’a City (Phase II) 541/2009 8,000 - 9 6,905 585 88 Sugar Refinery in Aden (P) 10P/2009 8,250 - - - - 89 Al Mukalla Iron and Steel Factory (P)* 11P/2009 4,800 256 - 4,544 - 90 Rural Roads Development (Phase III) 545/2009 15,000 - 2,227 5,099 - 91 Protection of Sana’a City from Floods 550/2010 7,000 - 878 5,545 - 92 Social Fund for Development (Phase IV) 560/2010 30,000 - 3,180 23,501 - 93 Major Intersections in Sana’a City (Phase III) 562/2011 10,000 - 1,495 4,776 - 94 Dhamar - Al-Husseiniya Road

(Supplementary Loan)563/2011 12,000 - 988 4,915 -

95 Construction of a Second Ma’rib Gas-Turbine Power Generating Station and Expansion of the Transmission Grid (Supplementary Loan)

564/2011 43,000 - - 27,988 -



(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(9) Republic of Yemen96 Construction of a 60 MW Wind Farm

in the Al-Mokha Area581/2012 18,000 - - - -

97 Sanitary Networks in Sana’a (Phase IV) 589/2013 15,000 - - - - 98 Reconstruction of Abyan 594/2013 10,000 - - - - 99 Educational Hospital for Aden

University596/2013 18,000 - - - -

100 Rehabilitation and Expansion of Sana’a - Al Hudaydah Road

597/2013 30,000 - - - -

101 Expansion of Flour Mills at Saleef Port (P)** 13P/2014 4,000 4,000 - - - 102 Infrastructure Development in Sana’a City 606/2014 30,000 - 2,773 2,773 - 103 Al Ghaydah Central Hopital 612/2014 6,000 - - - - 104 Rural Roads Development (Phase IV) 613/2014 30,000 - - - - 105 Public Works (Phase IV) 614/2014 10,000 - - - - Subtotal 927,875 24,612 14,021 548,757 276,495

(10) Republic of Lebanon1 Electricity Network* 38/77 6,000 - - 6,000 6,000 2 Beirut Port* 39/77 5,000 - - 5,000 5,000 3 Rehabilitation of Electricity Installations* 263/91 22,000 3,157 - 18,843 18,843 4 Reconstruction and Shelter Rehabilitation* 282/93 8,000 - - 8,000 6,960 5 Rehabilitation of Electricity

Installations (Supplementary Loan)* 304/94 7,000 291 - 6,709 5,641

6 Zahrani Power Station* 305/94 30,500 - - 30,500 26,560 7 Saida and Sour Water Supply* 317/95 10,000 6 - 9,994 6,289 8 Technical and Vocational Schools 323/96 15,000 - 49 14,149 10,180 9 Administrative Rehabilitation of Public

and Independent Agencies* 325/96 6,000 5 - 5,995 4,275

10 Rehabilitation of the Infrastructure and Buildings Damaged by the Israeli Aggression*

331/96 13,500 - - 13,438 7,958

11 The Lebanese University Project (First Loan)*

355/97 23,000 - - 23,000 15,180

12 Syr El-Dania Jbab El-Homr / El-Hermel Road*

356/97 6,000 173 - 5,827 2,567

13 Beirut Southern Entrances: Khaldeh-Cocodi and Awzaee Roads*

363/98 12,000 6,076 - 5,924 4,104

14 Interconnecting the Lebanese and Syrian Electric Grids at 400 kV*

400/2000 8,000 - - 4,142 3,920

15 Conveyance of Litani Water to Southern Lebanon

418/2001 31,000 - 5,246 19,039 1,960

16 Control Center for the Lebanese Power Network

423/2002 7,000 - 63 6,483 1,710

17 Infrastructure Upgrading in Beirut City 430/2002 17,000 - - 9,438 7,350 18 The Lebanese University Project

(Second Loan)* 439/2003 6,000 1,583 - 4,417 1,981

19 Development of the Road Network and Main Intersections

449/2003 30,000 - 89 22,310 7,740

20 Administrative Rehabilitation 495/2006 9,000 - 714 2,825 270



(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(10) Republic of Lebanon21 Development of Water and Wastewater

Facilities in some Areas in Lebanon496/2006 25,000 - 2,885 9,433 710

22 Rehabilitation of Infrastructure Damaged by the Aggression

500/2006 30,000 - 1,469 15,862 -

23 Rehabilitation of the Private Sector Enterprises Damaged by the Israeli Aggression**

505/2006 25,000 25,000 - - -

24 Rehabilitation of Electric Power Installations Damaged by the Israeli Aggression

506/2006 35,000 - - - -

25 Syr El-Dania Jbab El-Homr/ El-Hermel Road (Second Loan)

527/2008 6,000 - 238 2,929 -

26 Housing Project 585/2012 34,000 - - - -

27 Completion of Wastewater Facilities in Lebanon

600/2013 30,000 - - - -

28 Conveyance of Litani Water to Southern Lebanon for Irrigation and Drinking Purposes (Elevation 800 Meters) (Supplementary Loan)

621/2015 32,000 - - - -

Subtotal 489,000 36,291 10,753 250,255 146,198

(11) Kingdom of Morocco1 Telecommunications* 10B/75 3,000 802 - 2,198 2,198

2 Beni Amir Irrigation* 20/76 7,000 1,254 - 5,746 5,746

3 Agricultural Credit (First Loan)* 33/77 9,000 - - 9,000 9,000

4 Oujda Cement* 41/77 9,000 - - 9,000 9,000

5 Gharb Irrigation* 54/80 5,000 - - 5,000 5,000

6 Al-Houz Al-Awsat (First Loan)* 74/81 7,500 - - 7,500 7,500

7 Al-Houz Al-Awsat (Second Loan)* 76/82 7,500 - - 7,500 7,500

8 Potable Water to Rural Areas* 85/82 1,300 1,135 - 165 165


103/82 1,000 - - 1,000 1,000

10 Agricultural Development in Loukkos Valley (First Loan)*

121/83 7,500 - - 7,500 7,500

11 Agricultural Credit (Second Loan)* 134/84 8,000 - - 8,000 8,000

12 Mitigation of Earthquake Risks* 153/84 600 6 - 594 594

13 Ait Ayoub Dam for Irrigation and Electricity*

168/85 15,000 4,787 - 10,213 10,213

14 Lower Tassaout Irrigation* 176/86 5,000 - - 5,000 5,000

15 Aoulouz Dam and Agricultural Development in Wadi Souss*

191/87 15,000 2,903 - 12,097 12,097

16 Al-Mana’ Barrage and Irrigation of Lands in Al-Gharb Plain*

212/88 17,000 2,863 - 14,137 14,137

17 Ismir Dam and Potable Water for Tatwan Area*

223/89 4,000 900 - 3,100 3,100

18 Agricultural Credit (Third Loan)* 231/89 12,000 - - 12,000 12,000

19 Maja’ra Dam* 237/90 50,000 542 - 49,458 47,960



(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(11) Kingdom of Morocco20 Rehabilitation of Flood-Damaged

Infrastructure* 249/90 2,500 33 - 2,467 2,467

21 Upper Dokala Region Irrigation (Phase I)*

264/91 30,000 3,983 - 26,017 25,264

22 Rabat-Larache Motorway* 267/92 18,000 - - 18,000 18,000 23 Agricultural Credit (Fourth Loan)* 281/93 18,000 5,251 - 12,749 12,749 24 Seedi Al-Shahid Dam* 290/93 18,500 2,697 - 15,803 14,477 25 Strengthening Internal Power Grid for

the Morocco - Spain Interconnection* 299/94 18,500 4,628 - 13,872 12,882

26 Loukkos Basin Agricultural Development (Second Loan)*

300/94 3,000 22 - 2,978 2,638

27 Al-Gharb Plain Irrigation (Phase II)* 303/94 20,000 537 - 19,463 16,553 28 Rabat-Fes Motorway* 306/95 23,000 3,123 - 19,877 17,082 29 Maja’ra Dam (Second Loan)* 315/95 17,000 2,990 - 14,010 11,063 30 Combatting the Effects of the

Drought* 316/95 10,000 - - 10,000 9,455

31 Potable Water for Meknes City** 330/96 7,000 7,000 - - - 32 Agadir and Tantan Fisheries Port* 335/96 13,000 1,095 - 11,905 9,574 33 Morocco-Spain Power Interconnection

(Supplementary Loan)* 337/96 7,000 3,428 - 3,572 2,860

34 Dchar El Oued and Ait Massoud Dams for Electricity, Irrigation and Drinking Water*

344/97 15,000 5,886 - 9,114 6,414

35 Dchar El Oued and Ait Massoud Dams: Financing the Two Hydro-electric Stations*

345/97 15,000 8,796 - 6,204 4,306

36 Casablanca-Settat Motorway (Second Section)*

364/98 16,000 4,031 - 11,969 7,237

37 Development of Social Housing in Agadir City*

378/98 18,000 3,634 - 14,366 4,430

38 Ait Hamou Dam and Supplying Greater Agadir City with Water*

380/99 17,000 8,966 - 8,034 5,148

39 Mohammed V Airport Development* 389/99 10,000 - - 9,377 3,780 40 Afourer Pumped Storage Hydro-Power

Plant* 397/2000 25,000 2,736 - 22,264 11,664

41 Casablanca - El-Jadida Motorway* 416/2001 15,000 3,099 - 11,901 6,141 42 Raising of Sidi Mohammed Bin

Abdullah Dam and Construction of Boukhamis Dam*

421/2002 18,000 - - 8,149 7,210

43 Rural Electrification* 446/2003 20,000 - 15 19,703 7,410 44 Tetouan - Fenidiq Motorway* 451/2003 14,000 5,386 - 8,614 3,444 45 Settat - Marrakech Motorway (Phase I)* 452/2003 30,000 15,167 - 14,833 5,403 46 Tangier Mediterranean Harbour -

Northern Highway Motorway* 460/2004 35,000 5,378 - 29,622 9,342



(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(11) Kingdom of Morocco47 Werkan Dam to Supply Marrakech

with Potable Water* 470/2004 7,000 - - 5,956 2,000

48 Tangier Mediterranean Harbour - Northern Highway Motorway (Section Three)*

473/2005 20,000 2,921 - 17,079 5,367

49 Marrakech - Agadir Motorway* 485/2005 29,000 262 - 28,738 7,418 50 Wadi Al-Raml Dam to Supply Tangier

Mediterranean Port with Water* 486/2005 9,000 - - 9,000 2,450

51 Marrakech - Agadir Motorway (Second Loan)*

491/2006 31,000 - - 31,000 7,120

52 Generalization and Integration of Information Technology in Public School Education*

498/2006 15,000 - - 4,772 3,280

53 Rural Roads 503/2006 15,000 - 116 14,439 2,580 54 Fes - Oujda Motorway* 512/2007 30,000 59 - 29,941 6,001 55 Water Supply for the Provinces of

Taounate, Chefchaouen, Sidi Kacem and Tanger Med Port

514/2007 15,000 - 1,485 9,911 2,025

56 Wadi Martil Dam* 517/2007 23,000 - 498 20,292 700 57 Fes - Oujda Motorway (Taza - Oujda

Section)*534/2008 27,000 5,248 - 21,752 672

58 Expansion of Casablanca - Rabat Motorway*

538/2008 20,000 - - 20,000 570

59 Zerrar Dam* 540/2009 15,000 - 602 13,861 - 60 Water Supply of Tangier & Tantan

Regions546/2009 20,000 - 4,548 15,044 -

61 Berrechid - Beni Mellal Motorway 549/2010 55,000 - 3,907 39,526 - 62 Dar Khrofa Dam 556/2010 12,000 - 975 9,825 - 63 Tangier Med II Port 558/2010 50,000 - 2,825 46,501 - 64 High-Speed Train Tangier - Casablanca 568/2011 30,000 - 11,903 11,903 - 65 El Jadida - Safi Motorway 579/2012 30,000 - 2,517 7,711 - 66 Water Supply of Tetouan Area 584/2012 7,000 - - - - 67 Tangier Med II Port (Phase II) 602/2013 50,000 - 5,874 5,874 - 68 Irrigation of the Chtouka AÏt Baha

Region with Desalinated Water 611/2014 50,000 - - - -

69 El Jadida - Safi Motorway (Supplementary Loan)

616/2014 30,000 - 11,069 11,069 -

70 Water Supply to Chefchaouen and Neighboring Villages

617/2014 15,000 - - - -

71 Nador West Med Port 622/2015 60,000 - - - - Subtotal 1,302,900 121,546 46,335 888,271 445,828

(12) Kingdom of Bahrain1 Bahrain Power* 44/77 5,000 - - 5,000 5,000 2 Sixth Pan-Arab Telecommunications,

Submarine Gulf Cable (Bahrain-Qatar-UAE)*

113/83 3,000 - - 3,000 3,000



(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(12) Kingdom of Bahrain3 Seventh Pan-Arab Telecommunications,

Submarine Gulf Cable (Bahrain-Kuwait)** 142/84 3,000 3,000 - - -

4 Roads Development* 201/87 5,500 5,425 - 75 75 5 Roads Development (Second Loan)* 258/91 11,000 894 - 10,106 10,106 6 Development of Suleimaniyah Medical

Center (First Loan)* 259/91 21,000 1,002 - 19,998 19,998

7 Development of Suleimaniyah Medical Center (Second Loan)*

308/95 11,000 3,348 - 7,652 7,652

8 The Housing Project (First Loan)* 334/96 15,000 580 - 14,420 11,340 9 Transfer and Distribution of Water

from Al-Hidd Desalination and Power Station*

349/97 21,000 1,450 - 19,550 14,090

10 Interconnection of Al-Hidd Production Facility to the Electric Grid*

360/97 10,000 1,112 - 8,888 6,558

11 Production and Utilization of Treated Sewerage Effluent*

367/98 15,000 3,842 - 11,158 8,558

12 Hidd Industrial Area * 370/98 25,000 - - 16,878 12,155 13 The Housing Project (Second Loan)* 381/99 20,000 - - 20,000 12,960 14 Bahrain Specialized Hospital (P)* 1P/2001 3,000 - - 3,000 3,000 15 Expansion of the Electric Generation

and Transmission Systems* 417/2001 25,000 - - 20,956 10,800

16 Khalifa Bin Salman Port * 465/2004 15,000 5,616 - 9,384 3,309 17 Upgrading the Electrical Transmission

Network*478/2005 14,000 7,000 - 7,000 2,410

18 Replacement of Sitra Causeway Bridge 504/2006 19,000 - - - - 19 Upgrading 220 kV and 66 kV Electrical

Transmission Network*544/2009 30,000 - 3,556 23,287 1,640

20 Development of Water Supply Network 575/2011 30,000 - 4,623 12,559 - Subtotal 301,500 33,268 8,178 212,912 132,652

(13) Somali Democratic Republic1 Inter-Riverine Settlements*(1) 23/76 6,400 1,250 - 4,571 264 2 Hargeisa-Rorama Road* 35/77 2,500 - - 2,098 235 3 Goluen-Gelib Road (First Loan)* 36/77 5,500 - - 5,500 362 4 Trypanosomiasis and Tsetse Control

(Phase I)* 52/79 1,600 - - 1,258 -

5 Third Pan-Arab Telecommunications 66/81 1,700 - - 1,434 - 6 Mogadishu Water Supply II* 73/81 5,000 - - 3,015 - 7 Goluen-Gelib Road (Supplementary

Loan)* 77/82 3,500 1 - 3,499 -

8 Mogadishu Electricity 80/82 2,000 - - 1,763 - 9 Fifth Pan-Arab Telecommunications

(Earth Stations) 99/82 1,200 - - - -

10 Afgoi-Baidoa Road* 112/83 5,000 - - 682 - 11 Expansion of Gezira Power Station 137/84 4,800 - - - - 12 Fisheries Development in the North** 143/84 1,500 1,500 - - - Subtotal 40,700 2,751 - 23,821 861



(KD 000)

* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.(1) The amount of the loan was reduced from KD 6.40 million to KD 5.15 million due to the change in the description of the project.



Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(14) Islamic Republic of Mauritania1 Nouadhibou Power Station* 21/76 5,200 - - 5,200 5,200 2 Nouakchott-Kiffa Motorway (First Loan)* 25/76 7,000 - - 7,000 7,000 3 Guelbs Iron Ore Production* 49/79 10,000 1 - 9,999 9,999 4 Boghi-Kehidi Road Maintenance* 75/81 1,500 - - 1,500 1,500 5 Nouadhibou Power Station

(Supplementary Loan)* 81/82 200 - - 200 200

6 Potable Water to the Rural Areas* 86/82 400 12 - 388 388 7 Fifth Pan-Arab Telecommunications

(Earth Stations)* 104/82 1,200 77 - 1,123 1,123

8 Nouakchott Power (First Loan)* 105/82 3,000 - - 3,000 3,000 9 Nouakchott Power (Second Loan)* 106/83 2,300 - - 2,300 2,300 10 Telecommunications in Nouadhibou* 119/83 2,100 - - 2,100 2,100 11 Development Credit (First Loan)* 135/84 2,000 - - 2,000 2,000 12 Educational, Health and Veterinary Services* 139/84 4,500 2 - 4,498 2,985 13 Oases Development (Phase I)* 163/85 3,400 - - 3,400 2,200 14 Artisanal Fisheries Development in

Nouadhibou* 178/86 3,200 425 - 2,775 1,415

15 Nouakchott Telephone/Telex Exchanges* 186/86 2,800 - - 2,800 2,800 16 Guelbs Iron Ore Production (Second

Loan)* 202/87 1,300 - - 1,300 1,300

17 Development Credit (Second Loan)* 203/87 1,000 723 - 277 277 18 Wilayas Electricity Supply* 216/88 7,500 - - 7,500 1,636 19 Boghi-Kehidi Road (Second Loan)* 219/88 3,100 12 - 3,088 925 20 Domestic Satellite Network* 227/89 5,000 11 - 4,989 1,231 21 Mhaoudat Iron Ore Production* 269/92 6,000 - - 6,000 6,000 22 Nouakchott-Akjojot-Atar Road* 289/93 6,500 28 - 6,472 1,216 23 Oases Development (Phase II)* 297/94 2,400 - - 2,400 2,150 24 Nouadhibou Water Supply* 313/95 10,000 - - 9,539 7,712 25 Expansion of the Nouakchott Power

Generating Station* 336/96 4,600 63 - 4,537 3,977

26 Potable Water for the Interior Cities 343/97 3,500 - 84 3,498 2,375 27 Alag-Maqtaa Lehjar Road * 347/97 3,500 1,460 - 2,040 2,040 28 Transmission of Electrical Energy from

Manantali Dam to Mauritania* 352/97 8,000 - - 7,371 4,340

29 Rehabilitation and Construction of 33 Small Dams in the Area Adjacent to Achram*

375/98 3,500 - - 3,327 1,820

30 Connecting Boghe to the Manantali Electrical Grid*

408/2001 4,000 20 - 3,980 1,545

31 Debt Reduction* 414/2001 14,000 - - 14,000 1,935 32 Nouakchott - Nouadhibou Road * 419/2001 16,000 - - 15,565 5,590 33 Nouakchott Water Supply from the

Senegal River* 454/2003 30,000 - 45 29,977 6,930

34 Expansion of Nouadhibou Power Generation Station

468/2004 7,000 - - 6,885 1,881

35 Nouadhibou Water Distribution Network*

475/2005 4,000 - - 3,748 882



(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(14) Islamic Republic of Mauritania36 Power Generation Stations for Interior

Cities* 481/2005 2,000 1,911 - 89 89

37 Atar - Tidjikja Road 509/2007 11,000 - 1,296 8,486 1,350 38 Developing Water and Road Services

in Rural Areas*510/2007 13,000 - 106 13,000 1,005

39 Nouakchott Water Supply from the Senegal River (Supplementary Loan)*

511/2007 37,000 - 486 34,193 2,580

40 Lease Financing of Small and Medium-Size Projects and Enterprises (P)*

6P/2007 1,000 - - 1,000 1,000

41 Drinking Water and Electricity Emergency Project for the City of Nouakchott*

523/2007 15,000 - - 14,219 1,520

42 Rehabilitation of Al-Amal Road (Sections II and IV)

531/2008 19,000 - 3,210 12,967 -

43 Drinking Water and Electricity Emergency Project for the City of Nouakchott (Supplementary Loan)*

535/2008 10,000 - 203 9,320 -

44 Electricity Emergency Program for the City of Nouakchott (Supplementary Loan)*

547/2009 10,000 - - 9,757 -

45 Water Distribution Network in Nouakchott

555/2010 10,000 - 905 6,022 -

46 Upgrade of the Power Generation and Transmission Systems in Nouakchott

569/2011 30,000 - 6,273 21,594 -

47 Supply of Drinking Water to the Region of Aftout Elcharghi*

570/2011 8,000 - 1,414 1,656 -

48 Water Supply of Eastern Cities and Villages from Dhar Basin

580/2012 20,000 - 6,760 8,735 -

49 Development of Power Generating Stations for Interior Cities

588/2012 3,000 - 204 1,762 -

50 Construction of a 30 MW Wind Farm in Nouakchott*

590/2013 14,000 - 7,141 11,788 -

51 Néma - Mali Border Road (Section III) 593/2013 9,000 - 76 904 - 52 New Nouakchott International Airport 595/2013 9,000 - 1,667 1,668 - 53 Drinking Water and Development of

Oases in Rural Areas601/2013 20,000 - 2,576 3,440 -

54 Construction of a Solar Power Station in Nouakchott and the Modernization of the Electrical System

610/2014 30,000 - 233 233 -

55 Development of Electricity Transmission and Distribution Networks

629/2015 33,000 - - - -

Subtotal 493,700 4,744 32,678 345,610 107,516

(15) Sultanate of Oman1 Gas Utilization* 29/76 6,000 1,517 - 4,483 4,483

2 Murayrat-Sohar Gas* 59/80 3,000 - - 3,000 3,000

3 Telecommunications* 120/83 3,000 - - 3,000 3,000

4 Sohar-Buraimi Power Station* 129/84 3,000 27 - 2,973 2,973

5 Fisheries Development* 162/85 3,000 1,706 - 1,294 1,294



(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(15) Sultanate of Oman6 Natural Gas Utilization (Phase IV)* 187/86 3,000 1,231 - 1,769 1,769

7 Water Desalination and Power for the Capital Area*

196/87 6,000 1,377 - 4,623 4,623

8 Natural Gas Utilization (Stage 2 of Phase IV)*

257/91 7,000 203 - 6,797 6,797

9 Mina Qaboos Port Development* 266/92 6,000 1,860 - 4,140 4,140

10 Ghubrah Power Generation and Water Desalination Station*

294/94 9,500 1,605 - 7,895 7,895

11 Industrial Estates in Rusayl and Nizwa* 302/94 6,000 1,249 - 4,751 4,751

12 Ghubrah Power Generation and Water Desalination Station (Phase V)*

310/95 9,000 821 - 8,179 8,179

13 Salalah Port Development* 354/97 15,000 - - 15,000 15,000 14 Meserrat Water Conveyance System* 388/99 11,000 397 - 10,603 10,603

15 Rimal Ash-Sharqiyah Water Distribution System*

401/2000 9,500 2,479 - 7,021 7,021

16 Khassab Port Development Project* 431/2002 4,500 695 - 3,805 3,805

17 Nizwa-Thamrit Road Rehabilitation (Phase II)*

441/2003 6,000 778 - 5,222 5,222

18 Expansion of Salalah Port (Phase II)* 466/2004 22,000 8,667 - 13,333 13,333

19 Al-Ashkhara - Al-Khuwaymah - Shanna Road*

479/2005 10,000 4,105 - 5,895 5,895

20 Muscat Southern Expressway* 487/2005 40,000 30,921 - 9,079 9,079 21 Dualization of Al-Amerat - Quriyat Road* 489/2006 20,000 17,175 - 2,825 2,825 22 Al Duqm Port** 501/2006 35,000 35,000 - - -

23Reconstruction of Basic Infrastructure and Facilities Damaged by Cyclone Gonu*

519/2007 60,000 52,700 - 7,300 7,300

24 Dualization of Thumrait - Salalah Road* 507/2007 20,000 - - 20,000 2,160

25 Infrastructure Facilities for Sumail Industrial Estate

576/2011 14,000 - - - -

26 Housing Program 605/2013 40,000 - 5,000 10,000 - Subtotal 371,500 164,516 5,000 162,984 135,144

(16) Palestine1 Wadi Far ’a Irrigation* 158/85 3,000 2,154 - 846 846

2 Widening and Strengthening of Salah Eldin Road*

340/97 5,000 - - 4,831 896

3 Development of Health Services* 341/97 3,000 1 - 2,999 381

4 Rehabilitation of the Education Services*

342/97 3,000 - - 3,000 457

5 The Rural Development Project* 376/98 3,000 300 - 2,700 -

Subtotal 17,000 2,456 - 14,375 2,579

(17) Republic of Djibouti1 Third Pan-Arab Telecommunications* 67/81 1,000 - - 1,000 1,000 2 Djibouti Port Development* 89/82 1,500 - - 1,500 1,500 3 Fifth Pan-Arab Telecommunications

(Earth Stations)* 98/82 1,100 251 - 849 849



(KD 000)




Amountof Loan



Disbursements as at

31/12/2015

Repayments as at

31/12/2015

(17) Republic of Djibouti4 Expansion of Boulaos Power Station

- Phase I* 116/83 3,000 491 - 2,509 2,509

5 Animal Wealth Development* 130/84 1,900 10 - 1,890 1,890 6 Southwest Asia-Middle East-Western

Europe (SEA-ME-WE) Submarine Cable (First Loan)*

159/85 1,900 2 - 1,898 1,898

7 Development Credit** 171/86 700 700 - - - 8 Telecommunications Development* 197/87 400 113 - 287 287 9 SEA-ME-WE II Submarine Cable* 262/91 1,500 - - 1,500 1,254

10 Modernization of Boulaos Power Station - Phase II*

373/98 3,000 1 - 2,999 1,627

11 Modernization of the Port of Djibouti (Phase IV)**

390/99 3,000 3,000 - - -

12 Social Housing* 395/2000 5,000 - 55 4,897 2,440 13 Development of the Education Sector 412/2001 4,000 283 24 3,717 1,233 14 Modernization of Boulaos Power

Station - Phase III* 436/2002 3,000 83 - 2,917 1,071

15 Social Housing (Phase II)* 456/2003 6,000 - - 6,000 1,305 16 Boulaos Power Generation Station

Project - (Fourth Phase)* 471/2004 4,000 - - 3,979 882

17 Construction of Djibouti University 497/2006 5,000 - 1,035 3,027 520 18 Rehabilitation of Drinking Water

Facilities in Djibouti City 532/2008 7,000 - 109 6,790 -

19 Upgrade of the Power Generation and Transmission Systems in the City of Djibouti

551/2010 9,000 - - 37 -

20 Port of Tadjourah 577/2012 10,000 - 2,614 5,500 - 21 Rehabilitation of the Distribution

Networks of Drinking Water in Djibouti City

598/2013 10,000 - 3,167 4,638 -

22 Social Housing - Phase II (Supplementary Loan)

607/2014 1,000 - 997 997 -

23 Social Housing in the City of Djibouti 618/2015 6,000 - - - - 24 Port of Tadjourah (Supplementary

Loan)619/2015 3,000 - - - -

Subtotal 92,000 4,935 8,001 56,930 20,264

Grand Total 8,824,728 783,693 195,426 5,809,819 3,038,532



(KD 000)



Loans Extended to Finance Inter-Arab Projects 1974 - 2015

(KD 000)

No. Project / Country LoanNo.

Amountof Loan

Cancelled Loans and

Balances

DisbursementsDuring2015

Disbursementsas at

31/12/2015

Repayments as at

31/12/2015

1 First Pan-ArabTelecommunications:

Algeria* 10A/75 300 52 - 248 248

Morocco* 10B/75 3,000 802 - 2,198 2,198

2 Aden-Taiz Road:

Yemen* 22A/76 3,800 - - 3,800 3,800

Yemen* 22B/76 6,500 - - 6,500 6,500

3 Navigation Inspection Unit:

Algeria* 80/55 2.000 70 - 1.930 1.930

4 Second Pan-Arab Telecommunications:

Jordan* 58/80 5,000 4,433 - 567 567

Syria* 60/80 2,700 918 - 1,782 1,782

5 Third Pan-Arab Telecommunications:

Somalia* 66/81 1,700 - - 1,434 -

Djibouti* 67/81 1,000 - - 1,000 1,000

Yemen* 68/81 1,400 - - 1,400 1,400

Yemen* 69/81 1,300 - - 1,300 1,300

6 Fourth Pan-Arab Telecommunications:

Algeria* 71/81 4,500 153 - 4,347 4,347

Tunisia* 72/81 3,700 - - 3,700 3,700

7 Inter-Arab White Cement Industry (Jordan - Syria):

Jordan* 78/82 5,000 - - 5,000 5,000

8 Potable Water to Rural Areas:

Jordan* 82/82 700 - - 700 700

Tunisia* 83/82 600 88 - 512 512

Sudan* 84/82 1,800 73 - 1,727 1,727

Morocco* 85/82 1,300 1,135 - 165 165

Mauritania* 86/82 400 12 - 388 388

Yemen* 87/82 1,500 - - 1,500 1,500

Yemen* 88/82 700 80 - 620 620

9 Tartous-Latakia Motorway:

Syria* 93/82 6,000 - - 6,000 6,000

10 Fifth Pan-Arab Telecommunications Earth Stations:

Syria* 95/82 1,000 - - 1,000 1,000

Jordan* 96/82 1,000 - - 1,000 1,000

Yemen* 97/82 1,200 - - 1,200 1,200


ANNEx 6PAGE 1 OF 3



(KD 000)


Amountof Loan

Cancelled Loans and

Balances


Disbursementsas at

31/12/2015

Repayments as at

31/12/2015

Djibouti* 98/82 1,100 251 - 849 849

Somalia 99/82 1,200 - - - -

Sudan* 100/82 1,300 223 - 1,077 1,077

Tunisia* 101/82 1,000 3 - 997 997

Algeria* 102/82 1,000 - - 1,000 1,000

Morocco* 103/82 1,000 - - 1,000 1,000

Mauritania* 104/82 1,200 77 - 1,123 1,123

Syria* 172/86 1,000 - - 1,000 1,000

11 Sixth Pan-Arab Telecommunications, Submarine Gulf Cable(Bahrain - Qatar - UAE):

Bahrain* 113/83 3,000 - - 3,000 3,000

12 Zarqa - Almafraq - Syrian Border Road:

Jordan* 118/83 4,000 - - 4,000 4,000

13 Damascus - Sanamein - Jordan Border Road:

Syria* 128/83 9,000 - - 9,000 9,000

14 Geological and Water Mapping of Yemen:

Yemen* 132/84 1,200 151 - 1,049 1,049

Yemen* 133/84 1,200 211 - 989 989

15 Fifth Pan-Arab Telecommunications Arabsat Earth Station:

Iraq 141/84 5,000 - - 4,373 -

16 Seventh Pan-Arab Telecommunications Submarine Gulf Cable (Bahrain - Kuwait):

Bahrain** 142/84 3,000 3,000 - - -

17 Mitigation of Earthquake Risks:

Algeria* 117/83 4,700 3,704 - 996 996

Jordan* 148/84 450 182 - 268 268

Tunisia* 149/84 575 48 - 527 527

Iraq* 150/84 525 - - 503 63

Syria* 151/84 575 11 - 564 564

Yemen* 152/84 600 1 - 599 599

Morocco* 153/84 600 6 - 594 594

Algeria (Second Loan) 332/96 3,500 1,887 - 1,613 1,613

ANNEx 6PAGE 2 OF 3




(KD 000)


Amountof Loan

Cancelled Loans and

Balances


Disbursementsas at

31/12/2015

Repayments as at

31/12/2015

18 Pesticides Arab Joint Venture (Syria - Jordan):

Syria** 154/84 1,900 1,900 - - -

19 Ruwaishid Pilot Scheme in Hammad Basin (Inter-Arab):

Jordan* 184/86 1,500 4 - 1,496 1,496 20 Tenf Pilot Scheme in Hammad Basin (Inter-Arab):

Syria* 185/86 1,700 - - 1,700 1,700 21 Hama - Saraqeb Road and Ain Eissa-Qintari Road:

Syria* 214/88 8,000 31 - 7,969 7,741 22 Yemen Power Link:

Yemen* 217/88 8,600 24 - 8,576 7,652

Yemen* 218/88 10,000 62 - 9,938 9,406 23 Jordan - Egypt Power Link:

Jordan* 233/89 10,500 - - 10,500 10,500

Egypt* 234/89 34,100 3,339 - 30,761 30,761 24 Tunisia - Libya Power Link:

Tunisia* 243/90 17,800 - - 17,800 11,880

Libya* 244/90 2,200 784 - 1,416 787 25 Strengthening Local Transmission Network within

Morocco - Spain Electric Power Link:

Morocco* 299/94 18,500 4,628 - 13,872 12,822

Morocco (Supplementary Loan)*

337/96 7,000 3,428 - 3,572 2,860

26 Interconnection of Jordan - Syria Electric Power Grids:

Jordan* 311/95 19,500 - - 19,500 16,095

Syria 312/95 30,000 - - 28,223 17,290 27 Interconnection of Syria and Turkey Electric Power Grids:

Syria* 314/95 26,000 2,936 - 23,064 10,714 28 Interconnection of the Libyan and Egyptian Power Grids:

Libya* 326/96 12,000 2,590 - 9,410 6,650 29 Interconnection of the Lebanese and Syrian Electric Grids at 400 kV:

Lebanon 400/2000 8,000 - - 4,142 3,920 30 Natural Gas Pipeline (Al-Arish - Aqaba):

Egypt* 427/2002 17,000 4,224 - 12,776 12,776 31 Arab Gas Pipeline Project - Third stage (Aleppo - Kalas Section):

Syria 529/2008 10,000 - - 1,881 - 32 Electrical Interconnection Between the Arab Republic of Egypt and the Kingdom of Saudi Arabia:

Egypt 603/2013 45,000 - - - -

Total 394,125 41,520 - 291,736 243,913

ANNEx 6PAGE 3 OF 3



Grants Committed and Disbursed1974 - 2015

(KD 000)

Beneficiary No. of

GrantsAmount

ApprovedCancelled Grants and Balances

Net Amount

Approved

Percent of Total

(%)

Total DisbursementsBalance

of GrantsDuring

2015Until

31/12/2015

A. National Grants

1 Hashemite Kingdom of Jordan 49 12,224 64 12,160 6.2 2,058 8,626 3,534

2 Republic of Tunisia 14 5,320 133 5,187 2.6 7 3,998 1,189

3 Algerian Democratic and People’s Republic

10 1,765 551 1,214 0.6 30 1,114 100

4 Republic of Sudan 25 13,702 963 12,740 6.5 1,457 10,955 1,785

5 Republic of Iraq 5 820 163 657 0.3 - 657 -

6 Kingdom of Saudi Arabia 9 1,520 58 1,462 0.7 - 852 610

7 Syrian Arab Republic 16 3,820 907 2,913 1.5 - 2,068 845

8 State of Libya 3 625 300 325 0.2 - 45 280

9 Arab Republic of Egypt 51 17,015 426 16,589 8.4 880 14,060 2,529

10 Republic of Yemen 48 13,656 559 13,097 6.7 525 9,568 3,529

11 State of Kuwait 26 3,741 - 3,741 1.9 61 3,198 543

12 Republic of Lebanon 44 19,991 2,549 17,442 8.9 440 10,548 6,894

13 Kingdom of Morocco 25 5,510 254 5,256 2.7 40 4,252 1,004

14 United Arab Emirates 7 194 9 185 0.1 - 185 -

15 Kingdom of Bahrain 12 1,960 265 1,695 0.9 250 1,545 150

16 State of Qatar 1 50 14 36 - - 36 -

17 Somali Democratic Republic 4 1,220 86 1,134 0.6 300 534 600

18 Islamic Republic of Mauritania 31 6,535 775 5,760 2.9 117 5,263 497

19 Sultanate of Oman 14 4,725 19 4,706 2.4 - 4,629 77

20 Palestine 173 28,545 1,068 27,477 14.0 15 27,409 68

21 Republic of Djibouti 7 1,150 42 1,108 0.6 - 1,108 -

22 Union of the Comoros 2 3,100 - 3,100 1.6 239 239 2,861

Total National Grants 576 147,188 9,204 137,984 70.4 6,418 110,892 27,092

B. Inter-Arab Grants 515 63,946 5,866 58,080 29.6 1,145 51,682 6,398

Total National and Inter-Arab Grants 1091 211,135 15,071 196,064 100.0 7,564 162,574 33,490

C. Urgent Program to Support Palestine*

135,765 - 135,765 8,076 113,115 22,650

Grand Total 346,900 15,071 331,829 15,640 275,689 56,140

* Support decided by the Arab Fund’s Board of Governors to the Palestinan people, over the period 2001 - 2015.

ANNEx 7


Co-financing Activities of the Arab Fund1974 - 2015

Contributors Total Amount(KD Million)

Percentage(%)

1. (A) National and Regional Development Institutions

Arab Fund for Economic and Social Development 3,968.0 31.4

Kuwait Fund for Arab Economic Development 1,267.4 10.0

Abu Dhabi Fund for Development 295.5 2.3

Saudi Fund for Development 643.7 5.1

Islamic Development Bank 961.2 7.6

OPEC Fund for International Development 114.3 0.9

Iraqi Fund for External Development 5.0 *

Libyan Foreign Bank 3.0 *

Subtotal 7,258.1 57.5

(B) Other Arab Sources 749.5 5.9

2. International Financial Institutions

World Bank 759.5 6.0

International Fund for Agricultural Development (IFAD) 54.3 0.4

African Development Bank 698.3 5.6

Subtotal 1,512.1 12.0

3. Foreign Governments and their Development Institutions 3,105.5 24.6

Grand Total 12,625.2 100.0

ANNEx 8

* Less than 0.1%.


Contents

Member States, Governors and Alternate Governors ......................................................................3

Board of Directors ..........................................................................................................................5

Basic Financial Data on the Arab Fund as at 31/12/2015 .................................................................7

Overview of Arab Fund Activities .....................................................................................................9

............................................................................................... First: The Lending Program پ 11

............................................................................................................ Second: Grants پ 19

................................................................................................... Third: Joint Arab Action پ 27

..................... Fourth: Financial Statements for the Financial Year Ended 31 December 2015 پ 33

ANNExES .................................................................................................................................... 43

Annex 1 پ

Project Sheets for Loans Extended During the Year 2015 ..................................................... 45 Annex 2 پ

Capital, Resources and Status of Loans and Grants, 1972 - 2015 ......................................... 72 Annex 3 پ

Summary of Loans Extended to Member States, 1974 - 2015 ............................................... 76 Annex 4 پ

Sectoral Distribution of Loans Among Beneficiary Member States, 1974 - 2015 ...................... 77 Annex 5 پ

Loans Extended to Beneficiary Member States, 1974 - 2015 ................................................ 79Annex 6 پ

Loans Extended to Finance Inter-Arab Projects, 1974 - 2015 ............................................... 101Annex 7 پ

Grants Committed and Disbursed, 1974 - 2015 .................................................................. 104Annex 8 پ

Co-financing Activities of the Arab Fund, 1974 - 2015.......................................................... 105

Page No.

P. O. Box: 21923 Al-Safat 13080 Kuwait - Tel.: + 965 24959000 - Facsimile: +965 24959390 / 91 / 92 Email: [email protected] - Internet Web Site: www.arabfund.org - Address: Arab Organizations Headquarters Building - Airport Road, Shuwaikh Kuwait - State of Kuwait

Arab Fund for Economic & Social Development

Documents

Arab Fundduring 2015 about KD 8.4 million to the thirteenth phase of this program. Cumulative Grants The cumulative amount of grants extended by the Arab Fund, since the commencement